SunPower Corporation (SPWR) Investors: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in SunPower Corporation Class Action

Grand News Network | November 6, 2023

SAN DIEGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired SunPower Corporation (NASDAQ:SPWR) securities between March 9, 2023 and October 24, 2023. SunPower is a solar technology and energy services provider.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: SunPower Corporation (SPWR) Misled Investors Regarding a Material Weakness in the Company's Internal Control Over Financial Reporting

According to the complaint, during the class period, defendants failed to disclose that (1) due to a material weakness in its internal control over financial reporting, the Company had inaccurately reported cost of revenue and inventory metrics, and (2) as a result, the Company was reasonably likely to incur significant charges to restate prior reporting.

The complaint alleges that on ...

Full story available on Benzinga.com


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