Vivint Solar, Inc. (VSLR)

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We are investigating failures in corporate governance by the board of Vivint Solar, Inc. (VSLR) $VSLR.

In March of 2018, New Mexico Attorney General Hector Balderas (“New Mexico AG”) filed a lawsuit alleging that Vivint Solar, and its related companies, engaged in unfair and unconscionable business practices including fraud, racketeering, and clouding the titles to customers’ homes. Similarly, in October of 2019, Vivint Solar agreed to pay a fine and change its business practices as a result of an action brought by the New Jersey Attorney General related to deceptive sales practices, failing to deliver promised energy savings, and otherwise violating consumer protection laws.

On September 27, 2019, Marcus Aurelius Value published a report identifying twenty-eight (28) lawsuits filed against Vivint Solar (the “MAV Report”). The MAV Report alleges that these lawsuits were largely undisclosed to investors and that the allegations contained within these complaints include, inter alia, forgery, fraud, and deception. The allegations contained within the MAV Report allege illegal activity as far back as 2015.

Following the release of the MAV Report, Vivint Solar’s share price fell $0.14 per share, or over two percent (2%), to close at $6.55 per share on September 27, 2019, on unusually high trading volume. Further, during the days following the MAV Report, Vivint Solar’s shares continued to fall, and on October 1, 2019, the Company’s shares closed trading at $6.38 per share, representing a steep decline from the Company’s closing price of $7.97 on September 23, 2019.

On December 3, 2019, a consumer class action complaint was filed against Vivint Solar on behalf of consumers who were, inter alia, subject to Vivint Solar’s improper billing tactics, predatory sales strategies, and false and deceptive representations.

The Company failed to disclose its allegedly deceptive and illegal business practices as well as the multitude of pending lawsuits and other actions that the Company was facing. Therefore, the statements made in the Company’s SEC filings were materially false and/or misleading.

If you are a shareholder and would like to learn more about this matter and how you may benefit, message me here or contact me at [e-mail]