Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of shareholders who purchased SolarCity Corporation (“SolarCity” or the “Company”) (NasdaqGS:SCTY) stock between March 6, 2013 and March 18, 2014 (the “Class Period”).
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On March 3, 2014, the Company announced the discovery of an error in its financial reporting, noting that due to the error some of its previously-issued financial statements could no longer be relied upon and disclosing that overhead expenses had been incorrectly classified. Then on March 18, 2014, the Company issued a press release informing investors that its prior financial statements for the annual periods ended December 31, 2010, 2011, and 2012 should no longer be relied upon. Shares of SolarCity have fallen from a close of $83.26 per share on March 2, 2014, to a close of $65.01 per share on April 1, 2014.
If you suffered a loss in SolarCity you have until May 27, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.