Class Action Lawsuit Filed by SolarEdge Technologies Inc.:

Class Action Lawsuit Filed by SolarEdge Technologies Inc.:


SAN DIEGO, Nov. 03, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors in SolarEdge Technologies Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG). The class action is being brought on behalf of shareholders who purchased SolarEdge securities between August 6, 2020 and October 19, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until January 3, 2023 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

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The lawsuit alleges that throughout the class period, the defendants made materially false and misleading statements and failed to disclose material adverse facts about the Company’s business, operational and compliance policies. In particular, the defendants made false and/or misleading claims and failed to disclose to investors that: (i) the designs of the power optimizers, inverters and their components used in the development of SolarEdge’s products may have been and were manufactured by Ampt have been abused; (ii) Ampt asserted claims against the Company for misappropriation of Ampt’s patented technology; (iii) there was evidence supporting allegations that SolarEdge misused certain patents related to the design and development of the company’s power optimizers and inverters; (iv) As a result, SolarEdge has faced governmental and/or legal action restricting the import, marketing and sale of its power optimizers and inverters, including…

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