Core Viewpoint - Solaris Energy Infrastructure, Inc. (NYSE: SEI) is facing allegations of issuing materially false and misleading statements regarding its acquisition of Mobile Energy Rentals LLC (MER), which has raised concerns about the company's business practices and financial disclosures [1][2]. Group 1: Allegations Against Solaris Energy - The complaint alleges that MER had little to no corporate history in the mobile turbine leasing space [1] - It is claimed that MER did not have a diversified earnings stream [1] - The co-owner of MER is identified as a convicted felon associated with multiple allegations of turbine-related fraud [1] - Solaris is accused of overstating the commercial prospects of the acquisition of MER [1] - The company allegedly inflated profitability metrics by failing to properly depreciate its turbines [1] - As a result of these issues, the positive statements made by Solaris regarding its business and operations were materially misleading [1] Group 2: Class Action Details - The class period for the allegations is from July 9, 2024, to March 17, 2025 [1] - Shareholders are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [2] - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [2] Group 3: Role of Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3] - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3] - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [3]
Investors in Solaris Energy Infrastructure, Inc. Should Contact The Gross Law Firm Before May 27, 2025 to Discuss Your Rights - SEI