Siemens Energy AG (SMNEY)

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Siemens Energy AG (“Siemens” or the “Company”) (OTCMKTS: SMNEY). Investors who purchased Siemens American Depositary Receipts (“ADR”) are encouraged to obtain additional information and assist the investigation.

The investigation concerns whether Siemens has violated federal securities laws.

Investigation Details:

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.  The Company also withdrew its profit guidance for fiscal year 2023.  Following this news, Siemen dropped $5.87 per ADR, or 27%, to close at $15.88 on June 23, 2023.

What’s Next?

If you are aware of any facts relating to this investigation or purchased Siemens ADRs, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.  Our firm has recovered hundreds of millions of dollars for investors nationwide. 

Attorney advertising. Prior results do not guarantee similar outcomes.