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The filed complaint alleges that Shoals Technologies Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: The investigation concerns whether Shoals and certain of its directors and/or officers failed to disclose to shareholders that: (i) certain of the Company's products used for solar power generation were not of the highest levels of quality and reliability as Shoals claimed; (ii) the Company received numerous reports of defects in wire harnesses it had installed in a number of solar fields; and (iii) it would cost Shoals millions of dollars to remediate the defects with its products.
In order to be eligible to join the SHLS class action lawsuit, you must have incurred a loss on shares of Shoals Technologies Group, Inc. purchased during the class period listed above.
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