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SEDG.US
id: 434
On October 19, 2022, the District Court of Delaware stayed a parallel proceeding filed against SolarEdge by Ampt and based on substantially similar allegations, styled Ampt, LLC v. SolarEdge Tech., Inc. pending the U.S. International Trade Commission investigation.

Going back on July 28, 2022, the U.S. International Trade Commission agreed to review a patent infringement case filed by Ampt against SolarEdge.

The news of the ITC’s vote to institute an investigation of SolarEdge on August 29, 2022, caused a decline in the price of SolarEdge shares, damaging investors by over $ 9 billion.

Taking numerous legal actions into account, investors have reason to believe that SolarEdge misappropriated certain patents relating to the design and development of the Company’s power optimizers and inverters, breaching fiduciary duties to its shareholders.

Alleged Offence
Mismanagement
Misleading Statements
Fraud
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
19 October 2022
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SolarEdge Technologies Inc

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It ope...

    Ticker
    SEDG.US
    ISIN
    US83417M1045
    CIK
    1419612
    Sector
    Technology
    Industry
    Solar
    Country
    USA
    Address
    1 HaMada Street, Herzliya, Israel, 4673335