Shoals Technologies Securities

About this settlement

In re Shoals Technologies Group, Inc. Securities Litigation (M.D. Tenn., No. 3:24-cv-00334) alleged that Shoals misled investors about defective wire harnesses with exposed copper conduit in its solar 'balance of system' products and the $60–185 million cost of fixing them; Shoals denies wrongdoing. The $70,000,000 cash fund pays purchasers of SHLS common stock from May 16, 2022 through May 7, 2024 — December 2022 secondary-offering shares get a 1.25× multiplier — a pro-rata share of Recognized Loss under the plan of allocation, with the notice estimating roughly $0.34 per damaged share before deductions. Shares sold on or before August 1, 2023 recover nothing, and payments under $10 are not distributed. Broker confirmations or statements covering holdings as of May 15, 2022, all trades through February 10, 2025, and closing holdings document the claim. File online at the VeritaConnect portal or by mail by August 25, 2026; the final approval hearing is September 28, 2026. ClaimBridge readies the trade documentation so your registration takes minutes. What you can claim: a pro-rata share of the settlement fund, sized by your Recognized Loss on Shoals stock rather than any flat amount — so what you get turns on when you bought and sold and at what price. Filing is more approachable than most securities settlements: no Claim ID or PIN is needed, just your contact details and your brokerage statements covering the trades you're claiming. Those statements are not optional — an administrator computes a Recognized Loss only for transactions it can see documented.

Who is eligible?

• I purchased or acquired Shoals Technologies (SHLS) common stock between May 16, 2022 and May 7, 2024 (including the December 2022 secondary offering)
• I held shares past August 1, 2023, or otherwise suffered a loss recognized by the plan of allocation
• I can get brokerage confirmations or statements documenting my SHLS trades from May 2022 through February 2025