According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- certain connectors used by SunPower suffered from cracking issues;
- as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors;
- as a result of the foregoing, SunPower’s financial results would be adversely impacted; and
- as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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.
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