SunPower Corporation Class Action Lawsuit

If you suffered losses in SunPower securities, call a SunPower Stock Loss Lawyer about a SunPower Class Action Lawsuit

SunPower Securities Fraud Class Action Lawsuit

If you suffered losses in SunPower securities, call a SunPower Stock Loss Lawyer about a SunPower Class Action Lawsuit

The SunPower class action lawsuit seeks to represent purchasers of SunPower Corporation (NASDAQ: SPWR) securities between August 3, 2021 and January 20, 2022, inclusive (the “Class Period”) and charges SunPower as well as certain of its top executives with violations of the Securities Exchange Act of 1934.  The SunPower class action lawsuit was commenced on February 16, 2022 in the Northern District of California and is captioned Jaszczyszyn v. SunPower Corporation, No. 22-cv-00956.  You can read the press release here about the SunPower Corporation Class Action Lawsuit.

​If you suffered significant losses and wish to serve as lead plaintiff of the SunPower class action lawsuit, contact SunPower stock loss Lawyer, Timothy L. Miles by submitting the form below or calling (855) Tim-MLaw or emailing tmiles@timmileslaw.com, and see what a SunPower Lawyer can do for you. 

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Case Allegations: Investors Suffered Losses in SunPower Securities

A SunPower Lawyer Can Let You Know if You Are Eligible for a SunPower Corporation Class Action Lawsuit

​SunPower is a solar energy company that provides hardware, software, and financing options for customers.

The SunPower class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) certain connectors used by SunPower suffered from cracking issues; (ii) as a result, SunPower was reasonably likely to incur costs to remediate the faulty connectors; (iii) consequently, SunPower’s financial results would be adversely impacted; and (iv) thus, defendants’ positive statements about SunPower’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On January 20, 2022, SunPower announced that it had “identified a cracking issue that developed over time in certain factory-installed connectors.”  SunPower “expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022” to replace the faulty connectors.  On this news, SunPower’s share price fell nearly 17%, damaging investors who suffered losses in Sunpower securities.

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What Can I Do if I Suffered Losses in SunPower Securities

If you suffered losses in SunPower securities, the Private Securities Litigation Reform Act of 1995 permits any investor who purchased SunPower securities during the Class Period and suffered losses in SunPower securities to seek appointment as lead plaintiff in the SunPower class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.  If you have questions, call Sunpower Stock Fraud Lawyer Timothy L. Miles about the SunPower class action lawsuit.

How Can a SunPower Stock Loss Lawyer Help Me?

​​​A Sunpower Stock Loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation.  A Sunpower Stock Loss Lawyer focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals.  Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer.  In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.  While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct, such as a Sunpower Stock Loss Lawyer who will work to recover the losses you sustained in the SunPower class action lawsuit. 

Contact a SunPower Stock Loss Lawyer about a SunPower Class Action

We have extensive experience in securities fraud class and other class actions. Fill out our case-evaluation form right away and see what a Sunpower Stock Loss Lawyer can do for you and if you have a case for compensation. ​ Call a Sunpower Stock Loss Lawyer today and see what he can do for you in the SunPower class action lawsuit.

Call a SunPower Stock Loss Lawyer about the SunPower Corporation Class Action Lawsuit today

ATTENTION SUNPOWER SHAREHOLDERS
If you suffered losses in SunPower securities, call a SunPower Stock Loss Lawyer about a SunPower Class Action Lawsuit today.

Sunpower Stock Loss Lawyer
(855) Tim-MLaw (855-846-6529)
tmiles@timmileslaw.com
  Call a Sunpower Stock Loss Lawyer today if you suffered losses in Sunpower Securities.

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TENNESSEE ​CLASS ACTION LAW FIRM
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