NYSE: SUNL, SPRQ

Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II (NYSE: SUNL, SPRQ) between January 25, 2021 and September 28, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2023.

If you purchased Sunlight securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:January 25, 2021 through September 28, 2022

Deadline:

15 Days
If you purchased Sunlight securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:

  • the Company lacked effective underwriting and risk evaluation with respect to its contractor advance program;
  • Sunlight lacked the oversight and periodic monitoring systems necessary to timely detect bad debt associated with its contractor advance program;
  • the Company lacked effective internal controls over accounting and reporting of non-cash advance receivables;
  • as a result, the Company would be forced to take a non-cash advance receivables impairment charge exceeding $30 million; and
  • as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us on:
Company Name: Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II
Stock Symbol: SUNL
Class Period: January 25, 2021 through September 28, 2022
Court: United States District Court for the Southern District of New York

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top