Press release
Investigation announced for Long-Term Investors in shares of SolarEdge Technologies, Inc. (NASDAQ: SEDG) over potential Wrongdoing
An investigation on behalf of current long term investors in SolarEdge Technologies, Inc. (NASDAQ: SEDG) shares.
Investors who are current long term investors in SolarEdge Technologies, Inc. (NASDAQ: SEDG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: SEDG stocks follows a lawsuit filed against SolarEdge Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SEDG stocks, concerns whether certain SolarEdge Technologies, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that the Company's distribution channels in Europe had higher than optimal inventory levels, that, as a result, the Company was experiencing substantial cancellations and pushouts of existing backlog from its European distributors, that, as a result, the Company's backlog and guidance was overstated, and that, as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times
Those who purchased shares of SolarEdge Technologies, Inc. (NASDAQ: SEDG) 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.
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