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EQUITY ALERT: The Rosen Law Firm Announces Filing of Securities Fraud Class Action Against SolarCity Corporation -- SCTY

NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announced today that a class action lawsuit on behalf of all purchasers of the securities of SolarCity Corporation (Nasdaq:SCTY) during the period from March 6, 2013 through March 18, 2014, inclusive (the "Class Period").

To join the SolarCity class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, defendants manipulated SolarCity's accounting for expenses by improperly allocating expenses between business segments to mislead investors. The suit claims that when the market began to learn of the true facts through partial disclosures, the price of SolarCity securities dropped damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 27, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.

CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com kchan@rosenlegal.com pkim@rosenlegal.com www.rosenlegal.comSource: The Rosen Law Firm PA PC