The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Siemens Energy AG (“Siemens Energy” or “the Company”) (OTC: SMNEY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Siemens Energy disclosed on June 22, 2023, that it had discovered a “substantial increase in failure rates of wind turbine components” and had initiated an “extended technical review” in response. The technical review is expected to cost 1 billion euros, leading the Company to withdraw its profit guidance for fiscal year 2023. Based on this news, shares of Siemens Energy fell by 27% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230626101901/en/
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
