Important Information for Fluence Energy, Inc. (FLNC) Investors: Deadline Reminder for Securities Class Action Lawsuit
New York, NY and New Orleans, LA – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 12, 2025 to file lead plaintiff applications in a securities class action lawsuit against Fluence Energy, Inc. (FLNC), if they purchased the Company’s shares between November 29, 2023, and February 10, 2025, inclusive (the “Class Period”). The lawsuit is pending in the United States District Court for the Eastern District of Louisiana and is captioned Kahn Swick & Foti, LLC v. Fluence Energy, Inc. et al, 2:25-cv-01553.
Background on the Lawsuit
The complaint alleges that during the Class Period, the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and financial condition. Specifically, the lawsuit alleges that the defendants failed to disclose: (1) that the Company was experiencing significant operational issues with its energy storage systems, (2) that these operational issues were causing delays in the installation and commissioning of new projects, (3) that the Company’s financial results would be negatively impacted as a result, and (4) that the Company’s statements regarding its business, operations, and prospects were therefore false and misleading and/or lacked a reasonable basis.
Impact on Individual Investors
If you purchased FLNC shares during the Class Period, you may be eligible to recover your losses, including damages. To be eligible to share in the proposed class action recovery, you must have purchased FLNC securities during the Class Period and have suffered a pecuniary loss. To meet the legal requirements for a lead plaintiff, you must be a member of the proposed class and willing to assist the class by acting as a representative for the entire class. You do not need to seek approval from the court or the defendants to be a lead plaintiff.
Impact on the World
The securities class action lawsuit against Fluence Energy, Inc. could have far-reaching implications for the energy storage industry as a whole. The allegations in the lawsuit, if proven true, could damage the reputation of Fluence Energy and potentially lead to increased regulatory scrutiny of the industry. Additionally, if the lawsuit results in significant damages being paid to investors, it could serve as a deterrent for other companies in the industry to be more transparent about their operational and financial issues.
Conclusion
If you purchased FLNC shares during the Class Period and have suffered losses, you have until May 12, 2025 to apply to be a lead plaintiff in the securities class action lawsuit against Fluence Energy, Inc. The lawsuit alleges that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and financial condition. The potential impact of the lawsuit on the energy storage industry underscores the importance of transparency and accurate disclosures for publicly traded companies.
- Investors who purchased FLNC shares during the Class Period may be eligible to recover their losses
- To be a lead plaintiff, investors must be a member of the proposed class and willing to act as a representative
- The lawsuit alleges that the defendants made false and misleading statements and failed to disclose material adverse facts
- The potential impact of the lawsuit on the energy storage industry highlights the importance of transparency and accurate disclosures
