Fluence Energy(FLNC) Prnewswire·2025-03-21 09:45Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, alleging securities fraud that negatively impacted investors between November 29, 2023, and February 10, 2025 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Fluence Energy made false statements regarding its relationships with major partners Siemens AG and The AES Corporation, suggesting these relationships were set to decline [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which could have implications for the company's credibility and operational integrity [2]. - The complaint asserts that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were planning to divest from the company [2]. - Due to these factors, the defendants are said to have lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and its financial outlook [2]. Group 2: Legal Proceedings and Investor Participation - Investors who suffered losses in Fluence Energy during the specified timeframe have until May 12, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees, allowing class members to seek compensation without financial obligation [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years, indicating its expertise and reliability in handling complex cases [4].