NEW
YORK, Nov. 9, 2022 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
SolarEdge Technologies, Inc..
Shareholders who purchased shares of SEDG 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/solaredge-lawsuit-submission-form/?id=33464&from=4
CLASS PERIOD: This lawsuit is on behalf of a class
consisting of persons who purchased or otherwise acquired common
shares of SolarEdge stock between August 6,
2022 to October 19, 2022, both
dates inclusive.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) the designs of the
power optimizers, inverters, and components thereof used to develop
SolarEdge's products potentially originated with and were
misappropriated from Ampt LLC ("Ampt"), a competitor in the
renewable energy industry; (ii) Ampt made claims against the
Company for misappropriating Ampt's patented technology, (iii)
evidentiary support existed for the allegations that SolarEdge
misappropriated certain patents relating to the design and
development of the Company's power optimizers and inverters; (iv)
as a result, SolarEdge faced a threat of regulatory and/or court
action, which could prohibit the import, marketing, and sale of its
power optimizers and inverters, including solar energy systems that
contain such products; which in turn (v) seriously threatened
SolarEdge's ability to monetize on their solar energy systems that
contain the power optimizers and inverters in the United States and generate revenue; and
(vi) certain revenues generated from the sale of power optimizers
and inverters were potentially based on SolarEdge's unlawful
activities, including the misappropriation of patented designs by
Ampt.
DEADLINE: January 3, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/solaredge-lawsuit-submission-form/?id=33464&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SEDG 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 January 3, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is 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:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-solaredge-technologies-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-january-3-2023--nasdaq-sedg-301672432.html
SOURCE The Gross Law Firm