If you invested in SunPower securities over the past few years, there may be money waiting for you.
A $11,000,000 securities class action settlement has been reached involving SunPower Corp.. Investors who meet the criteria may be eligible to submit a claim for cash compensation.
Below is a simple breakdown of what this settlement is about, who qualifies, and how to take action.
Why does this lawsuit exist?
The lawsuit alleged that three former SunPower officers made materially false and misleading statements about the company’s financial health.
These statements were claimed to have artificially inflated SunPower’s stock price, leading investors to suffer losses when corrective information was later released.
The defendants denied wrongdoing but agreed to settle for $11 million to avoid continued litigation, costs, and uncertainty.
Who qualifies for the settlement?
You may be a class member if you:
Purchased or otherwise acquired SunPower Corp. common stock, OR
Bought or traded other SunPower securities
👉 Between May 3, 2023, and July 19, 2024 (inclusive)
Both individuals and entities may qualify.
Important notes:
The actual investor (or authorized legal representative) must file the claim
Joint owners must sign the claim form
Separate accounts or entities must file separate claims
How much can you get?
The total settlement fund is $11,000,000.
Your payout depends on:
How many valid claims are submitted
What securities did you buy or sell
When those transactions happened
Your calculated “recognized loss.”
Estimated recovery:
Approximately $0.20 per eligible share (before fees)
Approximately $0.13 per share (after estimated deductions)
Other key rules:
Claims with a total value under $10 will not be paid
Payments are distributed on a pro rata basis
Options trading claims are limited under the plan
Final amounts may be higher or lower depending on total claims.
What are your options?
| Option | What it means | Deadline |
|---|---|---|
| Submit a Claim | Get potential payment from the settlement | July 26, 2026 |
| Exclude Yourself | Opt out and keep the right to sue separately | Aug. 4, 2026 |
| Object | Write to the Court if you disagree | Aug. 4, 2026 |
| Do Nothing | Get no payment and give up related legal rights | — |
How to file a claim?
You can submit your claim in two ways:
Option 1: Online submission
File directly through the official settlement website.
Option 2: Mail-in form
Send completed claim forms to:
SunPower Securities Settlement
c/o Claims Administrator
1650 Arch St., Suite 2210
Philadelphia, PA 19103
What you’ll need to submit
To file a valid claim, you must provide:
Last 4 digits of your Social Security Number (or full TIN)
Transaction history for SunPower securities
Proof of purchases and sales
Brokerage statements or trade confirmations
Holdings as of May 2, 2023, and Oct. 16, 2024
What happens next?
The settlement will be distributed after the claims administrator reviews submissions and the court grants final approval.
Processing time may vary depending on claim volume and legal proceedings.
If you purchased SunPower securities between May 3, 2023, and July 19, 2024, you may be eligible for a payout from the $11M settlement.
The only way to receive money is to file a valid claim before the deadline.
