Maxeon faces legal scrutiny over practices

Kirby McInerney LLP is investigating potential claims against Maxeon Solar Technologies, Ltd. The focus is on whether Maxeon and its officers violated federal securities laws or engaged in unlawful business practices. On May 13, 2024, Maxeon announced a delay in releasing its Q4 FY2023 and Q1 FY2024 results. This led to a significant decline in Maxeon’s share price by $1.12 per share, or 30.4%, from $3.68 on May 14, 2024, to $2.56 on May 15, 2024. Shareholders who acquired Maxeon securities are encouraged to contact Thomas W. Elrod at Kirby McInerney LLP for more information or to discuss their rights. Kirby McInerney LLP, a New York-based plaintiffs’ law firm, claims to be specialized in securities, antitrust, whistleblower, and consumer litigation, with billions of dollars recovered for shareholders.