Updates for Getting Payment on the SunPower $11M Settlement
Hey guys, if you missed it, SunPower settled $11M with investors over claims involving inventory controls and financial reporting. I just found out that they’re considering late claims even though the deadline has passed.
Quick recap: In 2023, SunPower was accused of misleading investors about its financial reporting and operations. The company later disclosed inventory accounting problems and said it would restate prior results.
After the news, $SPWR dropped nearly 20%, and investors filed a lawsuit.
Now, the company has agreed to settle $11M with investors, and late claims are still being considered, subject to approval.
If you invested in $SPWR between 2023 and 2024, you can still check the details and see if you may be able to file a late claim here.
Anyone here invested in $SPWR back then? How much were your losses?