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The 60 day lead plaintiff period for this case has expired. If you are a member of the class but are not the lead plaintiff, you are an absent class member and your rights are protected during the pendency of the class action, unless you elect to opt out. As an absent class member, to share in the recovery from this case, if the case resolves successfully, you will need to file a proof of claim after the case is settled.

Vivint Solar, Inc VSLR 401(k) / ERISA Lawsuit

Vivint Solar, Inc has been accused of securities fraud. If you are a current or former employee or are a member of any of Vivint Solar, Inc investment plans or profit sharing retirement plans you may be included in this possible Vivint Solar, Inc 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Vivint Solar, Inc stock in one of those plans during the periods Oct-1-14 to Nov-10-14, you may have a claim.

Under ERISA, Vivint Solar, Inc employees can file a lawsuit against the company for putting stock options at risk. Vivint Solar, Inc employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.

Vivint Solar, Inc 401(k) / ERISA Legal Help

If you have suffered from Vivint Solar, Inc 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Vivint Solar, Inc ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.
If you are NOT a current or former employee of this company, please use this form to register your complaint.

Published on Nov-25-14


Posted by

My name is Miranda Rollins and my wife is Michelle. We bought our house in moreno valley ca 5 yrs ago. Knock on the door a young kid selling solar, comes in our home even had dinner with us and we presented a yr worth of utilities showing him we use alot of electricity. He assured us 18 panels will cover our usage asked him numerous times oh yes you will not have a bill or very little, we are now paying vivent for lies and we were scammed our bill is anywhere from 300 to 700 every month. We have made numerous numerous attempts to get some one over .they will not send anyone and going on 5 yrs I need help plzzzz someone help us we ha6been hung up numerous times and if we get to talk to anyone there answer is we need more panels they can rin our credit and add 18 more to the 18 we ha6.we have been scammed as a lesbian couple we have been targeted with no help .


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