Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
SEDG.US
id: 434
On October 19, 2022, the District Court of Delaware stayed a parallel proceeding filed against SolarEdge by Ampt and based on substantially similar allegations, styled Ampt, LLC v. SolarEdge Tech., Inc. pending the U.S. International Trade Commission investigation.
Going back on July 28, 2022, the U.S. International Trade Commission agreed to review a patent infringement case filed by Ampt against SolarEdge.
The news of the ITC’s vote to institute an investigation of SolarEdge on August 29, 2022, caused a decline in the price of SolarEdge shares, damaging investors by over $ 9 billion.
Taking numerous legal actions into account, investors have reason to believe that SolarEdge misappropriated certain patents relating to the design and development of the Company’s power optimizers and inverters, breaching fiduciary duties to its shareholders.
Case Status
Dismissed
Alleged Offence
Mismanagement,
Misleading Statements,
Fraud,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/19/2022