NEW YORK, NY / ACCESSWIRE / December 28, 2022 / Pomerantz LLP is investigating claims on behalf of investors of SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ:SEDG). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether SolarEdge and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 28, 2022, the U.S. International Trade Commission (“ITC”) agreed to review a patent infringement case filed by Ampt LLC (“Ampt”) against SolarEdge on July 28, 2022.
On news of the ITC’s vote, SolarEdge’s stock price fell $8.47 per share, or 2.94%, to close at $279.46 per share on August 29, 2022.
Then, on October 19, 2022, a federal judge in the U.S. District Court for the District of Delaware stayed a parallel proceeding, filed against SolarEdge by Ampt and based on substantially similar allegations, pending the ITC’s investigation.
On this news, SolarEdge’s stock price fell $7.96 per share, or 3.84%, to close at $199.46 per share on October 19, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP
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