May. 18 at 2:21 PM
SolarEdge Technologies (
$SEDG) Settlement Approved
$55 million Recovery Available
The court has approved the
$55 million settlement between SolarEdge Technologies and its investors over misleading the market about weakening demand and rising inventory.
In 2023, SolarEdge Technologies was accused of misleading investors about demand conditions in Europe, inventory levels, and the sustainability of its revenues. In short, after the company revealed excess inventory, slowing growth, and missed guidance, triggering stock drops of 18.3% and 27.2%, investors filed a lawsuit.
The settlement has now been finalized and approved by the court.
If you held
$SEDG during the relevant period, you can review the details and submit a claim. https://11th.com/cases/solaredge-investors-lawsuit