Press release
Deadline coming up on Aug. 26th in Lawsuit for Investors who lost money with Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) shares
A Deadline is coming up on August 26, 2024 in the lawsuit for certain investors in Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN)
Investors who purchased shares of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) have certain options and there are strict and short deadlines running. Deadline: August 26, 2024. Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) 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 Northern District of California the plaintiff alleges on behalf of purchasers of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN)
common shares between November 15, 2023 and May 29, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 15, 2023 and May 29, 2024, the Defendants failed to disclose to investors that Maxeon Solar Technologies, Ltd. relied on the exclusive sales of certain products to SunPower, that, following the termination of the Master Supply Agreement, the Company was unable to "aggressively ramp sales", that, as a result, revenue substantially declined, that, as a result, the Company suffered a "serious cash flow" crisis, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) 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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