Law Firms Court PSIX Investors to Lead Securities Suit Over Data‑Center Claims
The outreach highlights a May 19 deadline for investors to seek the lead role in a newly filed fraud case.
Overview
- Two investor law firms invited Power Solutions International shareholders to pursue lead‑plaintiff status in a securities class action.
- Notices target buyers of PSIX shares during May 8, 2025 to March 2, 2026, which is the class period named in the complaint.
- The suit alleges the company overstated its ability to win data‑center sales, which made its outlook sound stronger than it was.
- The complaint also claims the company played down the costs and inefficiencies tied to factory capacity upgrades meant to meet that demand.
- No class has been certified and the claims are unproven, and the court will choose a lead plaintiff after motions due by May 19, which would then guide the case for other investors.