{"id":825148,"date":"2025-03-12T20:03:10","date_gmt":"2025-03-13T00:03:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-fluence-energy-inc-flnc\/"},"modified":"2025-03-12T20:03:10","modified_gmt":"2025-03-13T00:03:10","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-fluence-energy-inc-flnc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-fluence-energy-inc-flnc\/","title":{"rendered":"Gainey McKenna & Egleston Announces a Class\u00a0Action Lawsuit Has Been Filed Against Fluence Energy, Inc. (FLNC)"},"content":{"rendered":"
\n

NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired Fluence Energy, Inc. (\u201cFluence Energy\u201d or the \u201cCompany\u201d) (NASDAQ: FLNC) securities between November 29, 2023 and February 10, 2025, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) the Company\u2019s relationship with its founders and largest sources of revenue, Siemens AG (\u201cSiemens\u201d) and The AES Corporation (\u201cAES\u201d), was poised to decline; (ii) Siemens Energy, Siemens AG\u2019s U.S. affiliate, had accused the Company of engineering failures and fraud; (iii) the Company\u2019s margins and revenue growth were inflated as Siemens and AES were moving to divest; and (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements related to the Company\u2019s battery energy storage business, as well as related financial results, growth, and prospects. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

Investors who purchased or otherwise acquired shares of Fluence Energy should contact the Firm prior to the May 12, 2025<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired Fluence Energy, Inc. (\u201cFluence Energy\u201d or the \u201cCompany\u201d) (NASDAQ: FLNC) securities between November 29, 2023 and February 10, 2025, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) the Company\u2019s relationship with its founders and largest sources of revenue, Siemens AG (\u201cSiemens\u201d) and The AES Corporation (\u201cAES\u201d), was poised to decline; (ii) Siemens Energy, Siemens AG\u2019s U.S. affiliate, had accused the Company of … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces a Class\u00a0Action Lawsuit Has Been Filed Against Fluence Energy, Inc. (FLNC)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825148","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces a Class\u00a0Action Lawsuit Has Been Filed Against Fluence Energy, Inc. 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