ROSEN, A Globally Recognized Law Firm, Urges Maxeon Solar Technologies Shareholders to Act Promptly as Key Legal Deadline Approaches

NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) — The esteemed investor rights law firm, ROSEN, has made a significant announcement concerning shareholders of Maxeon Solar Technologies, Ltd. MAXN and Segra International Corp. SRGRF. A class action lawsuit has been initiated on behalf of individuals and entities that purchased or otherwise acquired the securities of Maxeon Solar Technologies between November 15, 2023, and May 29, 2024. The lawsuit seeks to recover damages for investors under federal securities laws.

Details About the Lawsuit and Investor Rights

According to the filed complaint, the company and certain executives are accused of failing to disclose material adverse facts about Maxeon's business, operations, and prospects. Specifically, the lawsuit alleges that Maxeon made false and/or misleading statements and/or failed to disclose that: (i) the company had improperly recognized revenue on certain sales transactions; (ii) as a result of the foregoing, the company's financial results were misstated; (iii) the company lacked adequate internal controls over financial reporting; and (iv) as a consequence, Maxeon's public statements were materially false and misleading at all relevant times.

Implications for Affected Investors

Investors who have been affected by the alleged securities fraud are encouraged to contact the ROSEN law firm to join the class action lawsuit before the important deadline. The firm highlights the significance of investor counsel in navigating through complex litigation processes and recovering losses due to corporate misconduct.

About Maxeon Solar Technologies, Ltd.

Maxeon Solar Technologies, Ltd., headquartered in Singapore, is a pioneer in solar innovation. The company is at the forefront of global solar panel production, offering a range of products that serve both commercial and residential energy needs. With operations spanning across the globe, Maxeon is committed to delivering high-efficiency solar solutions to a diverse marketplace.

Securing Legal Representation

ROSEN law firm emphasizes the importance of securing legal representation for those who acquired Maxeon Solar Technologies MAXN and Segra International Corp. SRGRF securities within the specified period. Potential class members should be informed of their legal rights and consider taking prompt action to protect their investments.

securities, lawsuit, deadline