NEW YORK–(BUSINESS WIRE)–Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, announces that it is investigating claims on behalf of investors of Hannon Armstrong Sustainable Infrastructure Capital (“Hannon Armstrong” or “the Company”) (NYSE: HASI).
Hannon Armstrong shares dropped by nearly 20% on Tuesday after a scathing report by short seller Muddy Waters Capital LLC called into question its earnings and cash flow numbers. The Company was called “a prime example of how public market incentives can warp a company into relentlessly pursuing value destructive investments in order to feed a Wall Street growth narrative” in a report that alleged the Annapolis-based real estate investment trust engaged in fraud.
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Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
David J. Schwartz