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FLNC.US
id: 1110

Fluence Energy (FLNC) Failures and Fraud Case

  • On February 22, 2024, Blue Orca Capital published a report claiming that Siemens has a filed a lawsuit accusing Fluence (FLNC) of engineering and design failures, false representations, and fraud.
  • On it, $FLNC fell 13.43%, losing $290M+ of shareholder value.
  • Investors may have grounds to suspect Fluence of fraud, which led to their losses.
On February 22, 2024, Blue Orca Capital published a report claiming that undisclosed to investors, the U.S. affiliate of its largest shareholder and corporate parent, Siemens, has a filed a lawsuit accusing Fluence of a number of embarrassing and costly engineering and design failures, false representations, and most notably fraud.

On this news, $FLNC fell 13.43% and lost over $290 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect Fluence of failures and fraud, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
22 February 2024
Collecting participants…

Fluence Energy Inc

Fluence Energy, Inc., through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage ...

    Ticker
    FLNC.US
    ISIN
    US34379V1035
    CIK
    1868941
    Sector
    Utilities
    Industry
    Utilities - Renewable
    Country
    USA
    Address
    4601 Fairfax Drive, Arlington, VA, United States, 22203