is a boutique law firm handling complex and class action litigation, including shareholder derivative litigation, securities class actions, data breach and consumer class actions.

Current Securities Class Action Cases

Federman & Sherwood regularly posts press releases about new class action securities cases, which includes the class period and deadlines for appointment of lead plaintiffs.  Please review any of the case listings  below, and if you bought a security during the class period, we invite you to return an investor certification to our office. Our link to an investor certification for any of the cases can be found below each respective press release on that company.  Once completed, please return to our office by email to rkh@federmanlaw.com or fax to (405) 239-2112. 

Current Cases

Vivint Solar, Inc. [NYSE: VSLR]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Vivint Solar, Inc.

 

Oklahoma City, OK (November 26, 2014) – On November 21, 2014, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Vivint Solar, Inc. (NYSE: VSLR).  The complaint alleges violations of federal securities laws, including allegations of issuing a series of material or false financial information to investors.  The complaint alleges that the Company issued materially false and misleading financial information relating to the Registration Statement and Prospectus issued in connection with the October 1, 2014 initial public stock offering (the “IPO”).  Specifically, the complaint alleges the following false or misleading statements that: (1) ownership trends in the residential solar industry had changed from long-term leasing to financing; (ii) demand for long-term leases had declined, and (iii) growth in the Company’s operating expenses in the third quarter of 2014 had significantly outstripped growth in revenue. 

 

On November 10, 2014 in the Company’s first quarterly report since the IPO reported a much wider than expected loss in the third quarter of 2014.   On this news, the Company’s share price declined.

 

Plaintiff seeks to recover damages on behalf of all Vivint Solar, Inc. shareholders who purchased common stock traceable between October 1, 2014 and November 10, 2014 (the “Class Period”) and are therefore a member of the Class as described above.  You may move the Court no later than Tuesday, January 20, 2015 to serve as a lead plaintiff for the entire Class.  However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click hereto obtain an investor certification.  Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN:  Robin.

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