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Fluence Energy, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before May 12, 2025 to Discuss Your Rights – FLNC
Fluence EnergyFluence Energy(US:FLNC) GlobeNewswire News Room·2025-05-02 17:46

Core 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 of Fraud - The lawsuit claims that Fluence Energy made false statements regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, suggesting these relationships were set to decline [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which was not disclosed to investors [2]. - The complaint asserts that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were planning to divest their interests [2]. - The defendants are accused of lacking 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 to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs, and there are no out-of-pocket costs for class members [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].