There were 1,684 press releases posted in the last 24 hours and 413,925 in the last 365 days.

Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Stem, Inc. (NYSE: STEM) Shareholders Who Held Star Peak Energy Transition Corp. Shares Prior to the Merger

NEWTOWN, Pa., May 25, 2023 (GLOBE NEWSWIRE) -- The law firm of Edelson Lechtzin LLP is investigating securities fraud and breach of fiduciary duty claims on behalf of shareholders of Star Peak Energy Transition Corp. (“Star Peak”) (NYSE: STPK), a special purpose acquisition company (“SPAC”), who acquired Star Peak shares before the closing of its business combination with Stem, Inc. (“Stem”) (NYSE: STEM), on or before July 15, 2021.

Stem operates artificial intelligence (AI)-driven clean energy storage services. Stem maintains its principal executive offices in San Francisco, California. The business combination of Star Peak and Stem was approved by Star Peak shareholders at its Special Meeting held on April 27, 2021. Stem common stock began trading on the NYSE under its new ticker symbol “STEM”, on April 29, 2021.

Star Peak investors may have claims based on alleged false and misleading statements and/or material omissions contained in the documents used to solicit shareholder approval for the business combination between Star Peak and Stem. Please contact Edelson Lechtzin LLP at 1-844-696-7492 to discuss your investment losses, or by e-mail at elechtzin@edelson-law.com or medelson@edelson-law.com, or you can submit your information online HERE.

For more information, please contact:

Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext. 1
Email: elechtzin@edelson-law.com or medelson@edelson-law.com
Web: www.edelson-law.com  

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and dangerous and defective drugs and medical devices.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

 


Primary Logo