Investor Notice: Investigation into SUNPOWER, Corp. Announced by Former Attorney General of Louisiana and KSF Law Firm

All Business Wire news

Former Attorney General of Louisiana, Charles C. Foti, Jr., and the law firm of Kahn Swick & Foti, LLC announces that it has commenced an investigation into SunPower, Corp. ("SunPower" or the "Company") SPWRA to determine whether it has violated federal securities laws by issuing false and misleading statements to its shareholders.

On November 17, 2009, shares of SunPower lost approximately 20% of their value after the Company disclosed, late the prior day, that an internal investigation of accounting practices at the Company’s Philippine operations revealed that it may have to restate results from 2008 and the first three quarters of 2009, due to misreporting and understating the cost of goods sold.

The disclosure has triggered a wave of mostly negative commentary from the Street, including a number of downgrades.

If you would like to discuss your legal rights, you may e-mail or call KSF, without obligation or cost to you. You may contact Managing Partner Lewis Kahn of KSF direct, toll free 1-866-467-1400, ext. 100, or by email at lewis.kahn@ksfcounsel.com. KSF focuses its practice on securities fraud litigation, and the firm's lawyers have significant experience working on securities fraud cases that have resulted in significant recoveries for shareholders. For more information on KSF, please visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
Lewis Kahn, 1-866-467-1400, ext. 100
Lewis.kahn@ksfcounsel.com

Copyright 2009 Business Wire

Back to News Home

MSN Money

Search MSN Money

Message Boards

Site Status