LOS ANGELES, Aug. 22, 2024 — The Schall Law Firm, a national shareholder rights litigation firm, sends a reminder to investors regarding a class action lawsuit against Maxeon Solar Technologies, Ltd. (“Maxeon” or “the Company”) MAXN for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
Investors who acquired the Company’s securities between November 15, 2023, and May 29, 2024, are urged to contact the firm before August 26, 2024.
If you incurred a loss as a shareholder, click here to participate in the legal process.
The lawsuit alleges that Maxeon made false statements to the market. The Company depended heavily on exclusive sales of certain product lines to SunPower. Following the termination of the Master Supply Agreement with SunPower, Maxeon couldn’t uphold its pledge to “aggressively ramp sales.” As a result, the Company’s public statements were deemed false and misleading during the specified period. Subsequent revelation of the truth about Maxeon led to investor losses.
To seek recovery for your losses, consider joining the case.
The Schall Law Firm, known for representing investors globally, specializes in securities class action lawsuits and shareholder rights litigation.
This communication may be viewed as Attorney Advertising in certain jurisdictions based on relevant laws and ethical regulations.
Contact:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
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