NEW YORK, December 24, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) SEDG. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether SolarEdge and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On August 28, 2022, the US International Trade Commission (“ITC”) agreed to review a patent infringement lawsuit filed by Ampt LLC (“Ampt”) against SolarEdge on July 28, 2022.

Following news of the ITC vote, SolarEdge’s share price fell $8.47 per share, or 2.94%, to close at $279.46 per share on August 29, 2022.

Then, on October 19, 2022, a federal judge in the US District Court for the District of Delaware stayed a parallel case filed by Ampt against SolarEdge based on substantially similar allegations pending the ITC’s investigation.

As a result of this news, SolarEdge’s stock price fell $7.96 per share, or 3.84%, to close at $199.46 per share on October 19, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980