Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC) securities between October 29, 2021 and December 5, 2023.
On February 22, 2024, market analyst Blue Orca Capital issued a report on Fluence Energy revealing that Siemens, the U.S. affiliate of Fluence Energy’s largest shareholder and corporate parent, filed a lawsuit accusing Fluence Energy of “a laundry list of embarrassing and costly engineering and design failures, false representations, and most notably fraud.” The report goes on to say that Fluence Energy has yet to disclose this lawsuit to investors.
Following this news, Fluence Energy stock was down 23% in early morning trading on February 22, 2024.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.