Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of SolarCity Corporation concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by SolarCity between March 6, 2013 and March 18, 2014, concerning the Company’s financial performance.
SolarCity designs, installs, and sells or leases, solar energy systems to government entities and residential and commercial customers in the United States. The investigation is related to allegations that during the foregoing period the Company was under pressure from investors to demonstrate the strength of its solar energy operations and failed to properly allocate expenses between the Company’s Solar Energy Systems Sales segment and its smaller Operating Leases segment, in order to hide the Sales segment’s ballooning expenses.
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