Class Action Lawsuit Filed Against Sunlight Financial Holdings Inc.
NEW YORK, Nov. 10, 2024 /PRNewswire/ — Pomerantz LLP has announced a class action lawsuit on behalf of shareholders of Sunlight Financial Holdings Inc. (formerly known as Spartan Acquisition Corp. II) (“Sunlight” or the “Company”) SUNL. Investors seeking information are encouraged to reach out to Danielle Peyton at newaction@pomlaw.com or by phone at 646-581-9980, (or toll-free at 888.4-POMLAW), Ext. 7980. Email inquiries should include your mailing address, phone number, and the number of shares purchased.
Allegations of Fraud Raise Concerns for Investors
The lawsuit centers on whether the defendants engaged in securities fraud or other illegal business practices, impacting the investment community.
Shareholders have until December 2, 2024 to request the Court appoint them as Lead Plaintiff if they acquired Sunlight Financial securities during the Class Period. To view the Complaint, visit www.pomerantzlaw.com.
Join the Class Action
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Background and Claims
The complaint alleges that the defendants orchestrated a scheme that harmed investors by enabling Sunlight Financial to create and hide a significant volume of loans to unreliable solar panel installers. These loans were of poor credit quality. Additionally, the complaint mentions a considerable amount of solar loans that were funded but not sold, which Cross River Bank kept “off balance sheet.” This means that while Sunlight Financial had full financial responsibility for these loans, they were not shown on its official balance sheet.
About Pomerantz LLP
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is recognized as a leader in corporate, securities, and antitrust class actions. Established over 85 years ago by Abraham L. Pomerantz, who was instrumental in developing the field of securities class actions, Pomerantz remains committed to defending investors against securities fraud and corporate misconduct. The firm has successfully recovered billions for its class members. For more information, visit www.pomlaw.com.
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Contact Information
For inquiries, please contact:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
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