Fluence Energy(US:FLNC) GlobeNewswire News Roomยท2025-04-21 16:56Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, alleging securities fraud that negatively impacted investors between October 28, 2021, and February 10, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Fluence Energy made false statements and concealed critical information regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, which were expected to decline [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which undermined the company's credibility [2]. - The complaint states that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were moving towards divestment [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 Process - 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 serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [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 in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].