Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of SolarCity Corporation (NASDAQ GS: SCTY )?
- Did you purchase your shares before March 6, 2013, or between March 6, 2013 and March 18, 2014, inclusive?
- Did you lose money in your investment in SolarCity Corporation?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of SolarCity Corporation (“SolarCity” or the “Company”) (NASDAQ GS: SCTY) between March 6, 2013 and March 18, 2014, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
If you purchased shares of SolarCity during the Class Period, or purchased shares prior to the Class Period and still hold SolarCity, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to email@example.com; or at: http://www.rigrodskylong.com/investigations/solarcity-corporation-scty.
SolarCity sells renewable energy to its customers at prices below utility rates. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (i) the Company lacked adequate controls over financial reporting; (ii) the Company misclassified its reported expenses; (iii) the Company’s prior financial statements required restatement; and (iv) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times. As a result of defendants’ false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.