Sunrun Investors Seek OK Of $2.5M Deal In Stock-Drop Suit

By John Petrick (January 25, 2019, 6:49 PM EST) -- Investors in a proposed class action against solar company Sunrun Inc. claiming it downplayed the number of customers who canceled their contracts to keep its stock from tanking asked a California federal judge Thursday to approve a proposed $2.5 million settlement of the case.

Counsel for the lead plaintiffs and the proposed class state in a memorandum filed in support of the motion that the $2.5 million reflects a "very favorable result."

The attorneys noted that even the court itself previously described the "uphill battle" the plaintiffs might have in proving scienter, or deliberate and purposeful deception in misrepresenting the cancellation...

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