StockNews.AI
SEI
StockNews.AI
112 days

SEI LAWSUIT ALERT: Levi & Korsinsky Notifies Solaris Energy Infrastructure, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

1. Solaris Energy Infrastructure, Inc. faces a class action securities lawsuit. 2. The lawsuit alleges securities fraud impacting SEI investors since July 2024. 3. Key claims include overstatement of commercial prospects and false profitability metrics. 4. Investors may seek lead plaintiff status until May 27, 2025. 5. No fees incurred for class members participating in the lawsuit.

4m saved
Insight
Article

FAQ

Why Bearish?

The allegations of fraud and misleading statements could significantly damage investor confidence, similar to previous market reactions following similar lawsuits in energy companies which led to substantial share price declines.

How important is it?

The class action lawsuit implies potential financial and operational backlash; investors are likely to reassess SEI's future, impacting its stock price.

Why Short Term?

Immediate investor reaction expected leading up to and after class action developments; past cases have demonstrated short-term volatility during legal proceedings.

Related Companies

NEW YORK, April 29, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Solaris Energy Infrastructure, Inc. ("Solaris Energy Infrastructure, Inc." or the "Company") (NYSE: SEI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Solaris Energy Infrastructure, Inc. investors who were adversely affected by alleged securities fraud between July 9, 2024 and March 17, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/solaris-energy-infrastructure-inc-lawsuit-submission-form?prid=145728&wire=4 SEI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) MER, Mobile Energy Rentals LLC, had little to no corporate history in the mobile turbine leasing space; (2) MER did not have a diversified earnings stream; (3) MER's co-owner was a convicted felon associated with multiple allegations of turbine-related fraud; (4) as a result, Solaris overstated the commercial prospects posed by the Acquisition; (5) Solaris inflated profitability metrics by failing to properly depreciate its turbines; and (6) that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. WHAT'S NEXT? If you suffered a loss in Solaris Energy Infrastructure, Inc. during the relevant time frame, you have until May 27, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004[email protected]Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com SOURCE Levi & Korsinsky, LLP

Related News