Lowey Dannenberg Notifies Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (NASDAQ: SHLS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,0

StreetInsider03-29

NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against ...

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(“Shoals” or the “Company”) (NASDAQ: SHLS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,0\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-29 22:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22999687><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22999687\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4112","symbol_name":"金融交易所和数据","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=22999687","article_id":"2423498999","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2423498999","pubTimestamp":1711722480,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Shoal","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4112":"金融交易所和数据","SHLS":"Shoals Technologies Group","QID":"纳指两倍做空ETF",".IXIC":"NASDAQ Composite","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","TQQQ":"纳指三倍做多ETF","BK4585":"ETF&股票定投概念","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","BK4211":"区域性银行","LU0823414478.USD":"法巴经典能源转换基金","BK4588":"碎股","SQQQ":"纳指三倍做空ETF","ISBC":"投资者银行","NDAQ":"纳斯达克OMX交易所","BK4096":"电气部件与设备"},"translate_title":"Lowey Dannenberg通知Shoals Technologies Group，Inc。（“Shoals”或“公司”）（纳斯达克：SHLS）投资者证券集体诉讼，并鼓励超过100，0美元的投资者","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHLS":1,"ISBC":1,"NDAQ":1,".IXIC":1,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (NASDAQ: SHLS) for violations of the federal securities laws on behalf of investors who purchased or acquired Shoals common stock between May 17, 2022 and November 7, 2023, inclusive (the “Class Period”). On March 21, 2024, a complaint was filed against the Company and certain of its officers alleging that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Shoals did not deliver electrical balance of system (“EBOS”) products that met the highest levels of quality and reliability; (2) Shoals had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects; (3) Shoals would have to incur between $60 million to $185 million in costs to remediate “wire shrinkback” – the tendency for the insulation of a wire to pull back from a splice or termination connector; and (4) Shoals had understated its cost of revenue by millions of dollars. When investors learned the truth, Shoals’ common stock declined precipitously, injuring investors. If you suffered a loss of more than $100,000 in Shoals’ securities, and wish to participate, or learn more, click here, or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]). Any investor who wishes to serve as Lead Plaintiff must act before May 21, 2024. About Lowey DannenbergLowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients. Contact:Lowey Dannenberg P.C.44 South Broadway, Suite 1100White Plains, NY 10601Tel: (914) 733-7234Email: [email protected] SOURCE: Lowey Dannenberg P.C.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2423498999"}