SOLAREDGE CLASS ACTION LAWSUIT: 4 frequently asked quESTIONS

12/8/2023

If you suffered losses in SolarEdge stock, contact SolarEdge stock loss lawyer Timothy L. Miles about a SolarEdge class action lawsuit

INTRODUCTION TO THE SOLAREDGE CLASS ACTION LAWSUIT

The SolarEdge class action lawsuit seeks to represent purchasers or acquirers of SolarEdge Technologies, Inc. (NASDAQ: SEDG) securities between May 3, 2023 and October 19, 2023, inclusive (the “Class Period”). Captioned Shen v. SolarEdge Technologies, Inc., No. 23-cv-09748 (S.D.N.Y.), the SolarEdge class action lawsuit charges SolarEdge and certain of its top executive officers with violations of the Securities Exchange Act of 1934.

If you suffered losses in SolarEdge stock and wish to serve as lead plaintiff in the SolarEdge class action lawsuit, please contact SolarEdge Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the SolarEdge class action lawsuit must be filed with the court no later than January 2, 2024.

Read on for answers to four frequently asked questions about the SolarEdge class action lawsuit.

WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE SOLAREDGE CLASS ACTION LAWSUIT?

First, read the notice very carefully. You have two choices. First, you can do nothing and remain a member of the class represented by lead counsel. Second, if you believe you have a large enough loss to justify it, you can opt out of the SolarEdge class action lawsuit and file your own separate lawsuit. Note, that if you opt-out, you will not be able to participate in any settlement or recovery obtained in the SolarEdge class action lawsuit.

IF I SUFFERED LOSSES IN SOLAREDGE STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE SOLAREDGE CLASS ACTION LAWSUIT?

Serving as a Lead Plaintiff in the SolarEdge class action lawsuit has several advantages and important benefits including:

A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation.

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against SolarEdge if you suffered losses in SolarEdge stock.

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE SOLAREDGE CLASS ACTION LAWSUIT?

No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the SolarEdge class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the SolarEdge class action lawsuit on behalf of investors who suffered losses in SolarEdge stock.

IF I SUFFERED LOSSES IN SOLAREDGE STOCK, HOW MUCH CAN I GET OUT OF THE SOLAREDGE CLASS ACTION LAWSUIT?

In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in SolarEdge stock. Contact a SolarEdge class action lawsuit who could explain your losses in greater detail if you suffered losses in SolarEdge stock.

CONTACT A SOLAREDGE STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN SOLAREDGE STOCK ABOUT A SOLAREDGE CLASS ACTION LAWSUIT

If you suffered losses in SolarEdge stock, contact SolarEdge stock loss lawyer Timothy L. Miles today for a free case evaluation about a SolarEdge class action lawsuit. Call today and see what a SolarEdge stock loss lawyer could do for you if you suffered losses in SolarEdge stock.

SolarEdge stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator, and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, Class Action: Class Action: Top 100 National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022). Mr. Miles has published over three hundred articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or Resources center and call for free anytime.

CONTACT
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]