Security News
Northern District Of California Grants Motion To Dismiss Securities Class Action Against Solar Energy Company With Prejudice
UnknownMar 3, 2026(4 days ago)
A securities class action against a solar energy company and its executives was dismissed with prejudice.
On February 11, 2026, Judge Edward M. Chen of the United States District Court for the Northern District of California granted a motion to dismiss with prejudice a proposed securities class action against a solar energy company (the “Company”) and its former CEO and CFO (collectively, the “Defendants”), alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Menon v. Maxeon Solar Techs., Ltd., No. 24-cv-03869-EMC (N.D. Cal. Feb. 11, 2026).... By: A&O Shearman
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