NEW YORK,
Nov. 30,
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=34118&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=34118&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
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SOURCE The Gross Law Firm