SAN FRANCISCO, May 10, 2016 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, alerts Sunrun Inc. (NASDAQ:RUN) investors to the newly filed class action lawsuit and the July 5, 2016 lead plaintiff deadline. 

If you purchased Sunrun shares pursuant or traceable to the Company’s August 5, 2015 initial public offering (“IPO”) and suffered significant losses or have information that will help our investigation contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation by calling 510-725-3000, emailing RUN@hbsslaw.com or visiting https://www.hbsslaw.com/cases/RUN. The lawsuit was filed in the U.S. District Court for the Northern District of California and investors have until July 5, 2016 to move the court to participate as a lead plaintiff.

The litigation asserts that during Sunrun’s IPO, Defendants misrepresented the Company’s historical operating costs, omitted that Sunrun had charged well above wholesale rates for electricity it sold to net metering customers, and omitted facts jeopardizing Sunrun’s ability to convince customers to sign 20-year contracts.

Nine months after the Sunrun’s IPO at $14.00 per share, its shares have fallen over 46% to $7.50 per share as of May 6, 2016.

“We’re focused on the material information that should have been, but wasn’t, disclosed to Sunrun investors,” said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding Sunrun should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email RUN@hbsslaw.com.

About Hagens Berman
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

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