Fluence Energy(US:FLNC) Prnewswire·2025-05-06 09:45Core Viewpoint - Fluence Energy, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between October 28, 2021, and February 10, 2025 [1]. Group 1: Lawsuit Details - 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, indicating a potential decline in these relationships [2]. - Allegations include that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving to divest [2]. - The defendants are said to have lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial results, growth, and prospects [2]. Group 2: Next Steps for Investors - Investors who suffered losses in Fluence Energy during the specified timeframe have until May 12, 2025, to request to be appointed 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 or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].