Deadline on May 21st coming up in Lawsuit for Investors in shares of Shoals Technologies Group, Inc. (NASDAQ: SHLS)

A deadline is coming up on May 21, 2024 in the lawsuit filed for certain investors of Shoals Technologies Group, Inc. (NASDAQ: SHLS) over alleged securities laws violations by Shoals Technologies Group, Inc.

Investors who purchased shares of Shoals Technologies Group, Inc. (NASDAQ: SHLS) have certain options and there are strict and short deadlines running. Deadline: May 21, 2024. NASDAQ: SHLS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges on behalf of purchasers of Shoals Technologies Group, Inc. (NASDAQ: SHLS) common shares between May 17, 2022 and November 7, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 17, 2022 and November 7, 2023, the Defendants failed to disclose that Shoals did not deliver EBOS products that met the highest levels of quality and reliability, that Shoals Technologies Group, Inc. had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects, that Shoals Technologies Group, Inc. would have to incur between $60 million to $185 million in costs to remediate the wire shrinkback issue, that Shoals had understated its cost of revenue by millions of dollars, and that as a result, Defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Shoals Technologies Group, Inc. (NASDAQ: SHLS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.