Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $2.1 Million Settlement in the Vivint Solar Inc (NYSE:VSLR) Investor Lawsuit

Via: ReleaseWire

Updated 11:30 AM CST, Wed, December 27,2017

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Vivint Solar Inc (NYSE:VSLR) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on January 5, 2018 and NYSE:VSLR investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 12/27/2017 -- A deadline is coming up on January 5, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Vivint Solar Inc (NYSE: VSLR) between July 20, 2015 and April 1, 2016.

Investors who purchased a significant amount of shares of Vivint Solar Inc (NYSE:VSLR) between July 20, 2015 and April 1, 2016, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Vivint Solar Inc (NYSE:VSLR) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/vivint-solar-inc-nyse-vslr-investor-securities-class-action-lawsuit-05032016

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is January 5, 2018. The class action administrator for this case is Strategic Claims Services.

The lawsuit was originally filed in the U.S. District Court for the Eastern District of Missouri against certain officers of SunEdison Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between July 20, 2015 and March 7, 2016. According to the complaint the plaintiff alleges on behalf of purchasers of Vivint Solar Inc (NYSE:VSLR) common shares between July 20, 2015 and March 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 20, 2015 and March 7, 2016 defendants made allegedly false and/or misleading statements and/or failed to disclose that SunEdison Inc would be unable to obtain financing for the acquisition of Vivint Solar Inc, that SunEdison Inc's liquidity was less than defendants had stated, that SunEdison Inc would not be able to complete the acquisition of Vivint Solar Inc, and that as a result, defendants' statements about the merger between SunEdison Inc and Vivint Solar Inc were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Vivint Solar Inc (NYSE:VSLR) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-21-million-settlement-in-the-vivint-solar-inc-nysevslr-investor-lawsuit-908638.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com