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发帖数: 264 | 1 Lawsuit on Behalf of Investors in SolarCity Corp (SCTY) Announced by
Shareholders Foundation
Read more: http://www.nasdaq.com/press-release/lawsuit-on-behalf-of-investors-in-solarcity-corp-scty-announced-by-shareholders-foundation-20140407-00650#ixzz2yDlq54z2
SAN DIEGO, April 7, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation,
Inc. announces that a lawsuit was filed on behalf of certain purchasers of
SolarCity Corp ( SCTY ) common stock over alleged violations of Federal
Securities Laws by SolarCity Corp in connection with certain allegedly false
and misleading statements.
If you purchased a significant amount of shares of SolarCity Corp ( SCTY )
between March 6, 2013 and March 18, 2014, and/or if you purchased SCTY
shares in March 2013 or earlier and currently hold any of those shares, you
have certain options and for certain investors are short and strict
deadlines running. SCTY investors should contact the Shareholders Foundation
at m**[email protected] or call +1(858) 779 - 1554.
The plaintiff claims that that the defendants made allegedly false and/or
misleading statements and/or failed to disclose that SolarCity Corp lacked
adequate controls over financial reporting, that SolarCity Corp
misclassified its reported expenses, that SolarCity Corp's prior financial
statements required restatement, and that as a result of the above,
SolarCity Corp's financial statements were materially false and misleading
at all relevant times.
On March 3, 2014, SolarCity Corp announced a delay in the filing of its
Annual Report for the fiscal year ended December 31, 2013 and the expected
restatement of its 2012 consolidated financial statements. Then on March 18,
2014, SolarCity Corp provided more information regarding its restatement.
That same day, SolarCity Corp informed investors that its prior financial
statements for the annual periods ended December 31, 2010, 2011 and 2012
should no longer be relied upon.
The plaintiff seeks to recover damages on behalf of all purchasers of
SolarCity Corp publicly traded securities between March 6, 2013 and March 18
, 2014.
Those who purchased shares of SolarCity Corp have certain options and should
contact the Shareholders Foundation, Inc. by e-mail at mail@
shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal
monitoring and a settlement claim filing service, which does research
related to shareholder issues and informs investors of securities class
actions, settlements, judgments, and other legal related news to the stock/
financial market. The Shareholders Foundation, Inc. is not a law firm. The
information is provided as a public service. It is not intended as legal
advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc.Trevor Allen
+1 (858) 779-1554
m**[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Read more: http://www.nasdaq.com/press-release/lawsuit-on-behalf-of-investors-in-solarcity-corp-scty-announced-by-shareholders-foundation-20140407-00650#ixzz2yDlv3xAu |
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