Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Siemens To Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - August 6, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Siemens Energy AG ("Siemens" or the "Company") (OTC Pink: SMNEY).
If you suffered losses exceeding $50,000 investing in Siemens stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/SMNEY.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On June 22, 2023, after the market closed, Siemens disclosed that it had found a "substantial increase in failure rates of wind turbine components" and had initiated an "extended technical review," which would cost approximately 1 billion euros. Furthermore, the Company withdrew its profit guidance for fiscal year 2023.
Then, on June 23, 2023, the Company's CEO told journalists that "too much had been swept under the carpet" and that the quality issues were "more severe than [he] thought possible."
On this news, Siemen's share price fell $5.87 per share, or 27%, to close at $15.88 per share on June 23, 2023, thereby injuring investors.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176193
Original Source of the original story >> Siemens Investor Alert