An investor in NASDAQ:SCTY shares filed a lawsuit over alleged violations of Federal Securities Laws by SolarCity Corp in connection with certain allegedly false and misleading statements.
Investors who purchased shares of SolarCity Corp (NASDAQ:SCTY) have certain options and for certain investors are short and strict deadlines running. Deadline: October 14, 2016. NASDAQ:SCTY investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff claims that between May 5, 2015, and February 9, 2016 the Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that demand for the Company’s products was weakening, that the Company was concealing the weakening demand from investors, and that, as a result of the foregoing, Defendants’ statements about SolarCity’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On October 29, 2015, SolarCity Corp announced that it was lowering its full year 2015 guidance. Then, on February 9, 2016 SolarCity Corp disclosed that it fell short of its previously issued fiscal year 2015 installation guidance. Shares of SolarCity Corp (NASDAQ:SCTY) declined from $56.91 per share in December 2015 to as low as $16.30 per share on February 11, 2016.
Those who purchased NASDAQ:SCTY shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com