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SunPower Corporation Information Request Form

Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Northern District of California on behalf of shareholders of SunPower Corporation (NASDAQ: SPWR) (“SunPower”) who purchased shares between February 17, 2016 and August 9, 2016.

The complaint alleges that SunPower made false and/or misleading statements and/or failed to disclose that: (1) a substantial number of the Company’s customers were adopting a longer-term timeline for project completion; (2) the Company’s near-term economic returns were deteriorating due to aggressive PPA pricing by new market entrants; (3) market disruption in the YieldCo environment was impacting the Company’s assumptions related to monetizing deferred profits; (4) as such, demand for the Company’s products was significantly declining; and (5) in response, the Company would implement a manufacturing realignment that would result in significant restructuring charges.

On August 9, 2016, SunPower announced it would decrease its fiscal year 2016 guidance from a net income of between $0 and $50 million, to a net loss of between $175 and $125 million.

If you suffered a loss in SunPower you have until October 17, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To receive more information, please fill out the form.

Request More Information

Levi & Korsinsky, LLP does not share your information with others. There is no cost or obligation for you to submit.

This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained Levi & Korsinsky, LLP to represent you as a named plaintiff in a shareholder action involving SunPower Corporation .

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other SunPower Corporation shareholders.


Levi & Korsinsky,LLP

Joseph Levi

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