Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefits Fund v. Shoals Technologies Group, Inc.

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF TENNESSEE NASHVILLE DIVISION IN RE: SHOALS TECHNOLOGIES ) GROUP, INC. SECURITIES LITIGATION ) NO. 3:24-cv-00334 ) MEMORANDUM OPINION In this securities class action, Erste Asset Management GmbH (“Erste AM”), Kissimmee Utility Authority Employees’ Retirement Plan (“KUAERP”), and other putative class plaintiffs purchased Shoals Technology Group, Inc.’s (“Shoals”) common stock between May 16, 2022 and May 7, 2024 (“class period”). Some putative class members purchased Shoals stock for $40.00; however, by May 7, 2024, it was trading for less than…