April 13, 2016 (Shareholders Foundation) - An investor in shares of Sunrun Inc (NASDAQ:RUN) filed a lawsuit over alleged Securities Laws violations by Sunrun Inc in connection the company’s August 5, 2015 initial public offering. The plaintiff alleges on behalf of investors who purchased Sunrun Inc (NASDAQ:RUN) common shares pursuant or traceable to Sunrun’s August 5, 2015, initial public sotck offering (“IPO”), that the defendants violated the Securities Act of 1933.

The plaintiff claims that the registration statement for the IPO was negligently prepared and, as a result, contained untrue statements of material facts or omitted to state other facts necessary to make the statements made not misleading, and was not prepared in accordance with the rules and regulations governing its preparation.

For instance, the plaintiff alleges, that concerning the company’s core solar product offerings the registration statement for the IPO claimed to provide homeowners with simple, predictable pricing for solar energy that is insulated from rising retail electricity prices and that concerning the company’s strategy the registration statement for the IPO also emphasized that Sunrun continued to sell customer-friendly solar service offering with customized configurations and pricing and that these statements were false and misleading and mitted material information, such as the company was allegedly charging well above wholesale rates to its solar customers and Sunrun’s business was suffering from negative perceptions created as consumer learned this.

Shares of Sunrun Inc (NASDAQ:RUN) declined from as high as $13.74 per share in December 2015 to as low as $4.86 per share in February 2016.