Bronstein, Gewirtz & Grossman LLC Announces Class Action Lawsuit for Maxeon Solar Technologies, Ltd. Investors Who Suffered Substantial Losses!

NEW YORK, July 5, 2024 /PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Maxeon Solar Technologies, Ltd. (“Maxeon” or “the Company”) (NASDAQ: MAXN) and certain of its officers.

Class Definition

This lawsuit seeks damages against the defendants for alleged violations of federal securities laws on behalf of all persons and entities who purchased or otherwise acquired Maxeon securities between November 15, 2023And May 29, 2024inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the Company’s website: bgandg.com/MAXN.

Case details

The complaint alleged that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the Complaint alleged that Defendants failed to disclose to investors: (1) that Maxeon relied on exclusive sales of certain products to SunPower; (2) that following termination of the Master Supply Agreement, the Company was unable to “aggressively increase sales”; (3) that as a result, revenues declined significantly; (4) that as a result, the Company suffered a “severe cash flow crisis”; and (5) 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.

And after?

A class action has already been filed. If you would like to view a copy of the complaint, you can visit the firm’s website: bgandg.com/MAXN or you can contact Master Peretz Bronstein or its Customer Relations Manager, Nathan Millerof Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss at Maxeon, you have up to August 26, 2024to ask the court to appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as lead plaintiff.

It costs you nothing

We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for costs and attorneys’ fees, typically a percentage of the total amount recovered, only if we are successful in our case.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative actions. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer Advertising. Past results do not guarantee similar results.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein Or Nathan Miller
332-239-2660 | (protected email)

SOURCE Bronstein, Gewirtz & Grossman, LLC