NEW YORK, June 21, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of Vivint Solar, Inc. securities (NYSE:VSLR) from July 20, 2015 through March 7, 2016, both dates inclusive (the “Class Period”) of the important July 5, 2016 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages from certain SunEdison’s directors and officers for Vivint investors under the federal securities laws. Vivint is not being sued in this case.
To join the Vivint class action, go to the firm’s website at http://www.rosenlegal.com/cases-875.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com for more information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants issued false and misleading statements to investors and/or failed to disclose that: (1) SunEdison would be unable to obtain financing for the acquisition of Vivint; (2) SunEdison’s liquidity was less than Defendants had stated; (3) SunEdison would not be able to complete the acquisition of Vivint; and (4) as a result, Defendants’ statements about the merger between SunEdison and Vivint were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 5, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-875.html for more information. You may also contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.