Core Viewpoint - A securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. for alleged misrepresentation related to its acquisition of Mobile Energy Rentals LLC, which has raised concerns about the legitimacy of the acquired business and its impact on Solaris' stock price [1][3]. Company Overview - Solaris Energy Infrastructure, Inc. is headquartered in Houston and develops equipment used in the oil and gas industry [2]. - The company announced an agreement to acquire Mobile Energy Rentals LLC on July 9, 2024, and completed the acquisition on September 11, 2024 [2]. Allegations and Impact - A report by Morpheus Research on March 17, 2025, claimed that Mobile Energy Rentals was a small revenue business with no employees and no track record in the mobile turbine rental industry, which led to a significant drop in Solaris' stock price by 20.46 per share [3]. - The report also revealed that one of the co-owners of MER had a criminal background linked to a major gas turbine scandal involving allegations of bid rigging and corruption [3]. Legal Proceedings - Investors who purchased Solaris securities during the class period from July 9, 2024, to March 17, 2025, have until May 27, 2025, to seek appointment as lead plaintiff in the class action lawsuit [2]. - The lead plaintiff will represent the interests of all class members in the litigation process [4]. Firm Background - Berger Montague PC, the firm advising investors, has been involved in securities class action litigation since 1970 and has represented both individual and institutional investors across the United States [5].
CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Solaris Energy Infrastructure (NYSE: SEI) Investors to Inquire About a Securities Fraud Class Action by May 27, 2025