An investigation for investors in NASDAQ:SCTY shares was announced over potential breaches of fiduciary duties by certain directors at SolarCity Corp.
Investors who purchased shares of SolarCity Corp (NASDAQ:SCTY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain SolarCity directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 9, 2016, SolarCity Corp announced its fourth quarter and fiscal year 2015 financial results. SolarCity Corp reported that its annual Total Revenue rose from $255.03 million in 2014 to $399.62 million in 2015 while its Net Loss increased from $56.03 million in 2014 to $58.33 million in 2015. Shares of SolarCity Corp (NASDAQ:SCTY) declined to as low as $16.30 per share on February 11, 2016.
On March 14, 2016, NASDAQ:SCTY shares closed at $26.93 per share.
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