Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (KSF), announces that KSF has commenced an investigation into Vivint Solar, Inc. (NYSE: VSLR).
On November 10, 2014, in its first quarterly report since the Companys Initial Public Offering, Vivint reported a much wider than expected loss in the third quarter of 2014. Vivint lost 66 cents a share in the quarter excluding various items, compared with a 20-cent loss per share in the year-earlier quarter and analysts average expected loss of 20 cents a share.
On this news, the price of Vivints shares plummeted by over 20% in inter-day trading.
KSFs investigation is focusing on whether Vivint and/or its officers and directors violated state or federal securities laws.
If you are a Vivint shareholder that has suffered losses related to your investment or have information that would assist KSF in its investigation, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn.
