SolarEdge Investors Boost Suit With European Demand Claims (1)

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Lawsuit Against SolarEdge

Investors' claims against SolarEdge Technologies Inc. alleging misleading statements about European market success in 2022 and 2023 can move forward, a US judge ruled. The judge's decision, which partially dismissed the class-action lawsuit, was based on a confidential witness's testimony supporting claims of a demand slowdown. The plaintiffs successfully argued that company statements implying strong European demand were misleading, and that executives either knowingly made false claims or recklessly disregarded evidence of weak demand.

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