Shoals Technologies Group Inc., current and former leaders, and entities that facilitated a 2022 public stock offering reached a deal to resolve proposed class allegations they concealed a product defect and related warranty costs from investors.
The investors expect to finalize and seek preliminary approval of the agreement within 37 days, they told the US District Court for the Middle District of Tennessee on Monday. The deal would end a lawsuit against the electrical parts maker, executives and board members, and bank underwriters of that offering—among them
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