NEW
YORK, Nov. 18, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of SolarEdge Technologies, Inc.
(NASDAQ: SEDG).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/solaredge-class-action-submission-form/?id=33826&from=4
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.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
January 3, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, SolarEdge Technologies, Inc.
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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law