INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Announces Securities Investigation Regarding Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI)
NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a global firm specializing in shareholder and consumer rights litigation, is investigating whether Hannon Armstrong Sustainable Infrastructure Capital Inc. (“Hannon Armstrong” or the “Company”) (NYSE: HASI) and certain of its officers have violated federal securities laws by making false and misleading statements and/or omitting material information necessary to make the statements not misleading. If you have purchased or otherwise acquired Hannon Armstrong securities and have since suffered a loss, realized or unrealized, we encourage you to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or by e-mail at email@example.com more information.
On July 12, 2022, short-selling firm Muddy Waters released a report alleging that Hannon Armstrong uses complex and misleading accounting strategies to the point where its financial statements are “effectively meaningless”. Additionally, Muddy Waters estimates that Hannon Armstrong’s generally accepted accounting principles (GAAP) revenue for 2021 should actually be $362.7 million lower, which would equate to a loss of $235.4 million at halfway.
On this news, Hannon Armstrong’s common stock price fell $6.92 per share, or more than 19%, to close at $29.41 per share on July 12, 2022.
what you can do
If you have purchased or own Hannon Armstrong securities and would like to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312 or firstname.lastname@example.org.
About Scott+Scott Lawyers LLP
Scott+Scott has significant experience in pursuing major securities, antitrust and employee pension lawsuits across the United States. The firm represents pension funds, foundations, individuals and other entities worldwide with offices in New York, London, Connecticut, California and Ohio.