THE LAWSUIT: A class action securities lawsuit was filed against Sunnova Energy International Inc. (NOVA) that seeks to recover losses of Sunnova shareholders who were adversely affected by alleged securities fraud between February 25, 2020 and December 7, 2023
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: On December 8, 2023, Sunnova shares fell sharply following news that the House Energy Committee Chair Cathy McMorris Rodgers and Senate Energy Committee member John Barrasso seek documents and communications between the Energy Department and Sunnova Energy Corp. related to a $3 billion partial loan guarantee for firm following what the lawmakers call “disturbing” reports about the firm’s business practices.
The letter sent by U.S. lawmakers points out several predatory business practices whereby Sunnova allegedly takes advantage of elderly homeowners and sells them solar power contracts shortly before their death.
WHAT’S NEXT? If you suffered a loss in Sunnova stock during the relevant time frame – even if you still hold your shares – go to https://zlk.com/pslra-1/sunnova-lawsuit-submission-form?wire=18 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
