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Kahn Swick & Foti, LLC has announced a securities fraud class action against SES AI Corporation, the solid-state battery developer, following a 37% decline in the company's share price that the law firm links to what it characterises as weak revenue guidance.
The case places SES AI at the centre of a dispute over whether investors received an accurate picture of the company's commercial prospects before the guidance-driven selloff.
What the Lawsuit Alleges The action, announced by Kahn Swick & Foti out of its New York and New Orleans offices, targets SES AI Corporation over disclosures connected to its revenue outlook.
Securities fraud class actions of this type typically allege that a company made materially misleading statements or omissions that caused investors to buy or hold shares at inflated prices — losses that then crystallised when corrective information reached the market.
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