Core Viewpoint - A class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. for alleged violations of securities laws, specifically related to misleading statements made by the company regarding its acquisition of Mobile Energy Rentals LLC [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased Solaris securities between July 9, 2024, and March 17, 2025, and encourages affected shareholders to contact the Schall Law Firm before May 27, 2025 [2]. - The class action has not yet been certified, meaning that potential class members are not currently represented by an attorney [3]. Group 2: Allegations Against Solaris - The complaint alleges that Solaris made false and misleading statements about its acquisition of Mobile Energy Rentals LLC, claiming that MER had significant corporate experience and a diversified earnings stream, which was not the case [4]. - It is claimed that the co-owner of MER had a criminal background and was facing fraud allegations, further questioning the integrity of the acquisition [4]. - The company is accused of improperly depreciating its turbines to inflate profitability, leading to materially misleading public statements throughout the class period [4].
SEI Investors Have Opportunity to Lead Solaris Energy Infrastructure, Inc. Securities Fraud Lawsuit with the Schall Law Firm