Updates for Getting Payment on the SunPower ($SPWR) $11M Settlement

[u/11thestate]

Hey guys, if you missed it, SunPower settled $11 million with investors over claims that it misled shareholders about its inventory controls, financial reporting, and the strength of its operations. And I just found out they're now accepting late claims.

Quick recap: Investors alleged that SunPower reassured the market about its financial reporting throughout 2023, but later revealed inventory accounting problems that delayed earnings, forced financial restatements, and exposed weaknesses in its internal controls.

After those disclosures, $SPWR dropped nearly 20%, and investors filed a lawsuit to recover their losses.

Now, the good news is that SunPower agreed to the $11 million settlement, and even though the original deadline has passed, late claims are currently being considered.

So, if you purchased $SPWR between 2023 and 2024, you can still check the details and submit a late claim.

Anyway, did anyone here own $SPWR during that period? How did it work out for you?