“Relevant Holding Period: Before Sept. 27, 2019
Call: Reed Kathrein, who is leading the firm’s investigation: 510-725-3000.
Vivint Solar, Inc. (VSLR) Investigation:
The investigation centers on whether Vivint Solar concealed its involvement “in a nationwide fraud involving forged customer contracts.”
On September 27, 2019 Marcus Aurelius Value published a scathing report on Vivint Solar, accusing the company of concealing a growing pattern of undisclosed lawsuits alleging the company defrauded its most vulnerable customers, including the elderly, handicapped and non-English speaking families, by “forg[ing] the signatures of homeowners, complete strangers, relatives, neighbors and even a dead person onto sham solar contracts.”
The report states that Vivint’s “alleged misdeeds have been deployed to mask weakness in the underlying business, especially considering that Vivint has missed revenue estimates in four of the last five quarters.””
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PR News Wire 27 September 2019.