Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries HASI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Hannon Armstrong Sustainable Infrastructure Capital, Inc. By: Robbins Geller Rudman & Dowd LLP via Business Wire July 18, 2022 at 14:56 PM EDT Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) focused on whether Hannon Armstrong and certain of its officers and directors made false and misleading statements and/or failed to disclose material information to investors. If you have information that could assist in this investigation or if you are a Hannon Armstrong investor who suffered a loss and would like to learn more, you can provide your information here: https://www.rgrdlaw.com/cases-hannon-armstrong-sustainable-infrastructure-capital-inc-investigation-hasi.html You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. THE COMPANY: With $9 billion in managed assets, Hannon Armstrong provides capital to companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. THE REVELATION: On July 12, 2022, Muddy Waters Capital released an investigative report concluding that Hannon Armstrong’s “accounting is so complex and misleading that its financial statements are effectively meaningless.” Muddy Waters explained that Hannon Armstrong “misleadingly inflates [General Accepted Accounting Principles (‘GAAP’) earnings three ways: 1) Through a loophole in the arcana of accounting for renewables subsidies, [Hannon Armstrong] books non-cash unrealizable income relating to third parties’ tax credits that will be reversed; 2) [Hannon Armstrong] produces non-cash income by manipulating the discount rate it applies to residual assets to implausibly low levels, thereby inflating its gains on securitizations; and, 3) [Hannon Armstrong] books interest income from non-cash ‘Paid in Kind’ (‘PIK’) interest payments, which are essentially IOUs from stressed borrowers.” Muddy Waters further concluded that Hannon Armstrong should have adjusted its GAAP income down by $362.7 million to a net loss of $235.4 million at the midpoint. On this news, the price of Hannon Armstrong common stock fell by more than 19%. ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005706/en/Contacts Robbins Geller Rudman & Dowd LLP 655 W. Broadway, Suite 1900 San Diego, CA 92101 J.C. Sanchez, 800-449-4900 jsanchez@rgrdlaw.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
HASI INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Hannon Armstrong Sustainable Infrastructure Capital, Inc. By: Robbins Geller Rudman & Dowd LLP via Business Wire July 18, 2022 at 14:56 PM EDT Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) focused on whether Hannon Armstrong and certain of its officers and directors made false and misleading statements and/or failed to disclose material information to investors. If you have information that could assist in this investigation or if you are a Hannon Armstrong investor who suffered a loss and would like to learn more, you can provide your information here: https://www.rgrdlaw.com/cases-hannon-armstrong-sustainable-infrastructure-capital-inc-investigation-hasi.html You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. THE COMPANY: With $9 billion in managed assets, Hannon Armstrong provides capital to companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. THE REVELATION: On July 12, 2022, Muddy Waters Capital released an investigative report concluding that Hannon Armstrong’s “accounting is so complex and misleading that its financial statements are effectively meaningless.” Muddy Waters explained that Hannon Armstrong “misleadingly inflates [General Accepted Accounting Principles (‘GAAP’) earnings three ways: 1) Through a loophole in the arcana of accounting for renewables subsidies, [Hannon Armstrong] books non-cash unrealizable income relating to third parties’ tax credits that will be reversed; 2) [Hannon Armstrong] produces non-cash income by manipulating the discount rate it applies to residual assets to implausibly low levels, thereby inflating its gains on securitizations; and, 3) [Hannon Armstrong] books interest income from non-cash ‘Paid in Kind’ (‘PIK’) interest payments, which are essentially IOUs from stressed borrowers.” Muddy Waters further concluded that Hannon Armstrong should have adjusted its GAAP income down by $362.7 million to a net loss of $235.4 million at the midpoint. On this news, the price of Hannon Armstrong common stock fell by more than 19%. ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005706/en/Contacts Robbins Geller Rudman & Dowd LLP 655 W. Broadway, Suite 1900 San Diego, CA 92101 J.C. Sanchez, 800-449-4900 jsanchez@rgrdlaw.com
Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) focused on whether Hannon Armstrong and certain of its officers and directors made false and misleading statements and/or failed to disclose material information to investors. If you have information that could assist in this investigation or if you are a Hannon Armstrong investor who suffered a loss and would like to learn more, you can provide your information here: https://www.rgrdlaw.com/cases-hannon-armstrong-sustainable-infrastructure-capital-inc-investigation-hasi.html You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. THE COMPANY: With $9 billion in managed assets, Hannon Armstrong provides capital to companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. THE REVELATION: On July 12, 2022, Muddy Waters Capital released an investigative report concluding that Hannon Armstrong’s “accounting is so complex and misleading that its financial statements are effectively meaningless.” Muddy Waters explained that Hannon Armstrong “misleadingly inflates [General Accepted Accounting Principles (‘GAAP’) earnings three ways: 1) Through a loophole in the arcana of accounting for renewables subsidies, [Hannon Armstrong] books non-cash unrealizable income relating to third parties’ tax credits that will be reversed; 2) [Hannon Armstrong] produces non-cash income by manipulating the discount rate it applies to residual assets to implausibly low levels, thereby inflating its gains on securitizations; and, 3) [Hannon Armstrong] books interest income from non-cash ‘Paid in Kind’ (‘PIK’) interest payments, which are essentially IOUs from stressed borrowers.” Muddy Waters further concluded that Hannon Armstrong should have adjusted its GAAP income down by $362.7 million to a net loss of $235.4 million at the midpoint. On this news, the price of Hannon Armstrong common stock fell by more than 19%. ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005706/en/
Robbins Geller Rudman & Dowd LLP 655 W. Broadway, Suite 1900 San Diego, CA 92101 J.C. Sanchez, 800-449-4900 jsanchez@rgrdlaw.com