Class Action Lawsuit Filed Against Enphase Energy for Alleged Misleading Statements
NEW YORK, December 22, 2024 – A significant legal development has emerged in the world of investor rights. Rosen Law Firm, a prominent firm specializing in securities litigation, has announced the filing of a class action lawsuit against Enphase Energy, Inc. (NASDAQ: ENPH) on behalf of shareholders who purchased the company’s common stock between April 25, 2023, and October 22, 2024.
Why This Lawsuit Matters
The lawsuit alleges that Enphase Energy made misleading statements and failed to disclose critical facts about their business during the specified class period. Specifically, the firm accuses Enphase of overstating their ability to maintain pricing levels and market share in the European microinverter market in the face of competition from low-cost Chinese alternatives.
When the truth about Enphase’s market performance came to light, investors suffered significant financial losses. The Rosen Law Firm believes these shareholders are entitled to compensation, and they are seeking to represent them in this class action lawsuit.
Who Can Join the Lawsuit?
Anyone who purchased Enphase common stock during the class period is potentially eligible to join the lawsuit. By doing so, you may be entitled to compensation without any out-of-pocket costs, as the law firm operates on a contingency fee basis. This means you do not pay any upfront fees unless the case is successful.
How to Join the Enphase Class Action
The process to join the lawsuit is straightforward:
- Visit the Rosen Law Firm’s website at https://rosenlegal.com/submit-form/?case_id=25593.
- Call toll-free at 866-767-3653.
- Email the firm at [email protected].
For those interested in serving as lead plaintiff, it is crucial to act quickly. The deadline to file a motion in court to seek lead plaintiff status is February 11, 2025.
Why Choose Rosen Law Firm?
Rosen Law Firm is a globally recognized leader in securities class actions and shareholder derivative litigation. With a track record of success and a significant recovery rate for investors, the firm has established itself as a go-to choice for legal representation in financial disputes.
Key achievements of Rosen Law Firm include:
- Securing the largest-ever securities class action settlement against a Chinese company at the time.
- Ranking No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017.
- Securing over $438 million in recoveries for investors in 2019 alone.
- Recognition of partners and attorneys by prestigious firms such as Lawdragon and Super Lawyers.
- The firm has been ranked in the top 4 for the past decade.
What Happens Next?
Until the class is certified by the court, you are not represented by the Rosen Law Firm unless you retain a lawyer. You can choose any attorney of your preference. Alternatively, you can remain an absent class member and do nothing at this time. However, your potential to share in any future recovery does not depend on becoming the lead plaintiff.
For updates on this case, follow Rosen Law Firm on:
Important Note: Attorney advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
Take Action Now
If you believe you were affected by misleading statements made by Enphase Energy and wish to pursue legal action, we strongly encourage you to contact Rosen Law Firm immediately. Your rights and potential compensation depend on timely action.
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