LOS ANGELES–(BUSINESS WIRE)–Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG ) for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between August 6, 2022 and October 19, 2022 inclusive (the “Class Period”) are invited to contact the Company before January 3, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. SolarEdge has hijacked the design of various components, including power optimizers and inverters from Ampt LLC (“Ampt”). Ampt has made claims against the Company based on misappropriation of its designs. The company was threatened with legal and regulatory action over its misappropriation of Ampt’s designs. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about SolarEdge, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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