Fluence Energy(FLNC) Prnewswire·2025-04-04 09:45Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, alleging securities fraud that affected investors between November 29, 2023, and February 10, 2025 [1][2]. Group 1: Allegations of Fraud - 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 stable when they were actually declining [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which undermines the company's credibility [2]. - The complaint states that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were planning to divest from the company [2]. - 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 Process and Participation - Investors who suffered losses 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 [4].