Core Viewpoint - A class action securities lawsuit has been filed against Solaris Energy Infrastructure, Inc. due to alleged securities fraud affecting investors between July 9, 2024, and March 17, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Solaris Energy Infrastructure, Inc. made false statements and concealed critical information regarding its acquisition of Mobile Energy Rentals LLC (MER), including MER's lack of corporate history in mobile turbine leasing and its non-diversified earnings stream [3]. - It is alleged that MER's co-owner has a criminal background associated with turbine-related fraud, which misled investors about the commercial prospects of the acquisition [3]. - The complaint also states that Solaris inflated its profitability metrics by failing to properly depreciate its turbines, leading to materially misleading statements about the company's business and operations [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until May 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating a no-cost participation model [4]. Group 3: Legal Representation - 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 [5].
Solaris Energy Infrastructure, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights - SEI