NEW
YORK, April 2, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Shoals
Technologies Group, Inc. (NASDAQ: SHLS).
Shareholders who purchased shares of SHLS during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/shoals-technologies-loss-submission-form/?id=73657&from=4
CLASS PERIOD: May 17, 2022
to November 7, 2023
ALLEGATIONS: The complaint alleges that during the class period, Defendants
issued materially false and/or misleading statements and/or failed
to disclose that: (1) Shoals did not deliver EBOS, electrical
balance of system, products that met the highest levels of quality
and reliability; (2) Shoals had received reports of exposed copper
conduit in EBOS wire harnessess in a large number of solar fields
and was aware that a significant portion of its wire harnesses had
defects; (3) Shoals would have to incur between $60 million to $185
million in costs to remediate the wire shrinkback issue; and
(4) Shoals had understated its cost of revenue by millions of
dollars. As a result, defendants' positive statements about the
Company's financial guidance, business, operations, and prospects
were materially false and misleading and/or lacked a reasonable
basis at all relevant times.
DEADLINE: May 21, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/shoals-technologies-loss-submission-form/?id=73657&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SHLS during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is May 21, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal
business practices. The Gross Law Firm is committed to ensuring
that companies adhere to responsible business practices and engage
in good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content to download
multimedia:https://www.prnewswire.com/news-releases/shoals-technologies-group-inc-sued-for-securities-law-violations--investors-should-contact-the-gross-law-firm-before-may-21-2024-to-discuss-your-rights--shls-302105093.html
SOURCE Gross Law Firm