#USA #New York #Class Action #Securities Fraud #Fluence Energy

Overview of the Class Action Lawsuit Against Fluence Energy, Inc.

Fluence Energy, Inc. has recently been in the spotlight due to a pending class action lawsuit aimed at protecting the rights of its investors. The firm of Levi & Korsinsky, LLP has taken the initiative to notify investors about this significant legal action. Investors who believe they have incurred losses as a result of possible securities fraud between October 28, 2021, and February 10, 2025, are especially urged to pay attention. The designated deadline for interested parties to apply for lead plaintiff status in this class action is set for May 12, 2025.

Key Allegations in the Lawsuit

The core of the lawsuit revolves around several key allegations regarding Fluence Energy's handling of its financial disclosures and projections. Specifically, the complaint asserts that the company made a series of false statements or concealed crucial information that misled investors. These allegations include:

1. Deterioration of Key Relationships: It is claimed that Fluence's partnerships with major stakeholders, notably Siemens AG and The AES Corporation, were on the verge of decline. This deterioration in relationships could have far-reaching implications for the company's revenue streams and operational stability.
2. Accusations from Siemens Energy: Another significant allegation points to claims made by Siemens Energy—Siemens AG's U.S. affiliate. This entity reportedly accused Fluence Energy of engineering failures and fraudulent activities, raising further questions about the company's operational integrity.
3. Inflated Financial Metrics: The lawsuit asserts that Fluence's supposed revenue growth and profit margins were artificially inflated. As Siemens and AES moved toward divestment, the reality of Fluence's financials may have been grossly misrepresented, which is a critical issue for shareholders.
4. Misleading Promises: The complaint highlights that the defendants lacked a reasonable basis for their optimistic statements about Fluence's battery energy storage business. This includes overstated financial results, growth prospects, and future revenues that were incompatible with the company’s actual performance at the time.

What to Expect Ahead

For investors who suffered losses during the specified timeframe, it is crucial to take timely action. Interested individuals have until May 12, 2025, to submit a request for the court to appoint them as lead plaintiffs. It's essential to note that participating in the class action does not necessitate serving in this lead role—investors can still benefit from any recoveries made without such a commitment.

No Financial Burden on Class Members

A noteworthy aspect of this class action lawsuit is that class members may not incur any out-of-pocket costs or fees associated with their participation in the legal proceedings. Levi & Korsinsky LLP aims to facilitate the recovery process by ensuring that investors can pursue potential compensation without financial burden.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has established a notable track record over the past two decades, securing significant settlements for shareholders and adeptly navigating high-stakes legal battles. With a dedicated team of over 70 professionals, the firm specializes in representing clients in complex securities litigation, successfully ranking among the top securities litigation firms in the United States for several consecutive years as per ISS Securities Class Action Services.

For more information, affected investors can reach out to Levi & Korsinsky through various channels. Contact details for the firm are as follows:

• - Email: [email protected]
• - Phone: (212) 363-7500

As this class action develops, it will be essential for investors to remain engaged and seek guidance from knowledgeable legal professionals to safeguard their investments in Fluence Energy, Inc.