Solaris Energy Faces Class Action Lawsuit Over Fraud Allegations
LOS ANGELES
,
April 29, 2025
/PRNewswire/ — The Schall Law Firm, a firm specializing in shareholder rights, has initiated a class action lawsuit against Solaris Energy Infrastructure, Inc. (“Solaris” or “the Company”) SEI for violations under §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, as established by the U.S. Securities and Exchange Commission.
Investors who purchased securities from Solaris between July 9, 2024 and March 17, 2025 (the “Class Period”) should reach out to the firm before May 27, 2025 for potential participation in the lawsuit.
Shareholders who experienced losses are encouraged to click here to join the case.
Additionally, interested investors can contact Brian Schall at The Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, via phone at 310-301-3335. Inquiries can also be made through the firm’s website at www.schallfirm.com, or by emailing [email protected].
Currently, the class in this matter has not been certified. Until this certification occurs, investors are not represented by an attorney. If no action is taken, an investor remains an absent class member.
The Complaint alleges that Solaris made numerous false and misleading statements. Notably, the Company completed its acquisition of Mobile Energy Rentals LLC (“MER”) without its significant corporate experience in mobile turbine leasing. It falsely advertised MER’s earnings potential, despite its co-owner facing fraud allegations tied to the energy sector. Furthermore, Solaris allegedly overstated the commercial opportunities from its acquisition and improperly inflated its profit margins by mis-depreciating its turbines. As a result, the public statements made by Solaris significantly misrepresented the Company’s actual circumstances during the class period, leading to investor losses once the truth emerged.
Joining the case may provide an avenue for recovering your losses.
The Schall Law Firm has a global investor representation and specializes in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]