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The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Fluence Energy, Inc. (FLNC) Shareholders
GlobeNewswire News Roomยท 2025-03-17 18:21
Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the specified class period [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 29, 2023, to February 10, 2025 [3]. - Allegations include: 1. Decline in Fluence's relationship with major revenue sources, Siemens AG and The AES Corporation [3]. 2. Siemens Energy accused Fluence of engineering failures and fraud [3]. 3. Inflated margins and revenue growth as Siemens and AES were moving to divest [3]. 4. Lack of reasonable basis for positive statements regarding Fluence's battery energy storage business and financial results [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 12, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software for status updates throughout the case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].