Security Investigation
Solaris Energy Infrastructure, Inc. (NYSE: SEI)
30 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 27, 2025 to file lead plaintiff applications in a securities class action lawsuit against Solaris Energy Infrastructure, Inc. (“Solaris” or the “Company”) (NYSE: SEI).
Solaris and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 9, 2024, the Company announced an agreement to acquire Mobile Energy Rentals LLC (“MER”), which was completed on September 11, 2024. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) MER had little to no corporate history in the mobile turbine leasing space; (ii) MER did not have a diversified earnings stream; (iii) MER’s co-owner was a convicted felon associated with multiple allegations of turbine-related fraud; (4) as a result, the Company overstated the commercial prospects posed by the Acquisition; (5) the Company inflated profitability metrics by failing to properly depreciate its turbines; and (6) 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.
If you purchased securities of Solaris and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Pirello v. Solaris Energy Infrastructure, Inc., et al., No. 25-cv-01455.