Core Viewpoint - Rosen Law Firm is reminding purchasers of Enphase Energy, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to alleged misleading statements made by the company during the specified Class Period [1][4]. Group 1: Class Action Details - The Class Period for the lawsuit is defined as between April 25, 2023, and October 22, 2024, inclusive [1]. - Investors who purchased Enphase securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A lead plaintiff must file a motion with the Court by February 11, 2025, to represent other class members in the litigation [2]. Group 2: Allegations Against Enphase - The lawsuit claims that defendants made materially false and misleading statements regarding Enphase's business and operations [4]. - Specifically, it is alleged that Enphase overstated its ability to maintain pricing levels and market share for microinverter products in Europe amid competition from low-cost Chinese alternatives [4]. - The lawsuit asserts that when the true details became known, investors suffered damages [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [3].
ENPH Deadline: ENPH Investors with Losses in Excess of $100K Have Opportunity to Lead Enphase Energy, Inc. Securities Fraud Lawsuit