![]() ![]() Prior to the Merger, the Company operated as a publicly traded special purpose acquisition company. The Company's management has asserted that Stem's services revenue line is purportedly comprised entirely of software revenue. The Company offers energy storage systems sourced from original equipment manufacturers and provides an artificial intelligence ("AI") platform called Athena, which offers battery hardware and software-enabled services to operate the energy storage systems. Stem purports to operate as a digitally connected and intelligent energy storage network provider in the U.S. You may also click here for additional information: There is no cost or obligation to you.įaruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia. and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 87 or 21 (Ext. ("Merger Sub"), and Stem, Inc., a private Delaware corporation ("Legacy Stem") and/or (b) between Maand February 16, 2023, both dates inclusive (the "Class Period"). Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.If you suffered losses exceeding $100,000 investing in Stem stock or options (a) pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the merger ("Merger") consummated on Apby and among the Company, STPK Merger Sub Corp. You may also remain an absent class member and do nothing at this point. No class has been certified in this case, so you are not represented by counsel unless you retain one. This press release may be considered Attorney Advertising in some jurisdictions. ![]() 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. Please contact Edelson Lechtzin LLP at 1-84 to discuss your investment losses, or by e-mail at or or you can submit your information online HERE.Įdelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. 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. Stem common stock began trading on the NYSE under its new ticker symbol “STEM”, on April 29, 2021. The business combination of Star Peak and Stem was approved by Star Peak shareholders at its Special Meeting held on April 27, 2021. Stem maintains its principal executive offices in San Francisco, California. ![]() Stem operates artificial intelligence (AI)-driven clean energy storage services. (“Stem”) (NYSE: STEM), on or before July 15, 2021. (“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. NEWTOWN, Pa., (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. ![]()
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