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May 12, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FLNC
FLNCFluence Energy(FLNC) Prnewswire·2025-03-27 09:45

Core Viewpoint - Fluence Energy, Inc. is facing allegations of issuing materially false and misleading statements regarding its business operations and financial performance during the class period from November 29, 2023, to February 10, 2025 [1] Group 1: Allegations and Issues - The complaint alleges that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, is expected to decline [1] - Siemens Energy, a U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [1] - Fluence's reported margins and revenue growth are claimed to be inflated as Siemens and AES are moving towards divestment [1] - The defendants are said to lack a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial outlook [1] Group 2: Class Action Details - Shareholders who purchased FLNC shares during the specified class period are encouraged to register for potential lead plaintiff appointment [1][2] - The deadline for shareholders to seek lead plaintiff status is May 12, 2025 [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2] Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]