Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, Inc. alleging securities fraud that affected 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 partners Siemens AG and The AES Corporation, suggesting a decline in these relationships [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which could impact the company's credibility and financial performance [2]. - The complaint asserts that Fluence's reported margins and revenue growth were artificially inflated due to the impending divestment by Siemens and AES, undermining the validity of the company's positive statements about its battery energy storage business [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, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, indicating a no-cost participation model for affected investors [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 and consistently ranking among the top securities litigation firms in the United States [4].
Contact Levi & Korsinsky by May 12, 2025 Deadline to Join Class Action Against Fluence Energy, Inc.(FLNC)