Allegations point to Sunlight Financial’s off-balance-sheet mispriced solar loans during the 2021-2023 period. (Image Credit: DALL·E)
A class action lawsuit has been filed against US-based Sunlight Financial Holdings, Inc., formerly Spartan Acquisition Corp. II, along with some of its officers. The lawsuit accuses Sunlight Financial of violating federal securities laws by initiating risky solar loans between January 25, 2021, and October 31, 2023. As per the lawsuit, the company concealed mis-priced solar loans off the balance sheet, exposing Sunlight to full economic risk and has allegedly misled investors. Investors who purchased Sunlight Financial securities and have suffered during this period can seek lead plaintiff status until December 2, 2024. The case is represented by Bronstein, Gewirtz & Grossman, LLC, operating on a contingency basis.
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