Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court for the Southern District of New York against Vivint Solar, Inc. ("Vivint") (NYSE: VSLR) and several officers and directors for acts taken during the period of October 1, 2014 to November 10, 2014 (the "Class Period"). Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Vivint. If you are an affected Vivint shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com , or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or via e-mail at firstname.lastname@example.org. There is no cost or fee to you. According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that Vivint failed to disclose in its final Prospectus for the IPO's Registration Statement that: i) ownership trends in the residential solar industry had changed from long-term leasing to financing; ii) demand for long-term leasing had declined; and iii) growth in Vivint's operating expenses in the third quarter of 2014 had significantly outstripped growth in revenue, resulting in weaker sales trends and larger net losses than the market had been led to expect. Vivint stock dropped significantly immediately following this announcement. The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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