CLASS ACTION UPDATE for STEM, CUTR and NEE: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 19, 2023 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

STEM Shareholders Click Here: https://zlk.com/pslra-1/stem-lawsuit-loss-submission-form?prid=41062&wire=1
CUTR Shareholders Click Here: https://zlk.com/pslra-1/cutera-lawsuit-submission-form?prid=41062&wire=1
NEE Shareholders Click Here: https://zlk.com/pslra-1/nextera-energy-lawsuit-submission-form?prid=41062&wire=1

* ADDITIONAL INFORMATION BELOW *

Stem, Inc. f/k/a Star Peak Energy Transition Corp. (NYSE:STEM)

This lawsuit is on behalf of a class consisting of all persons and entities other than defendants that purchased or otherwise acquired Stem securities: (a) pursuant and/or traceable to certain documents issued in connection with the merger consummated on April 28, 2021, by and among the Company, STPK Merger Sub Corp., and Stem, Inc., a private Delaware corporation; and/or (b) between March 4, 2021, and February 16, 2023, both dates inclusive.
Lead Plaintiff Deadline : July 11, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/stem-lawsuit-loss-submission-form?prid=41062&wire=1

According to the filed complaint, (i) Legacy Stem suffered from material weaknesses in internal control over financial reporting related to accounting for the deferred cost of goods sold and inventory, certain revenue recognition calculations, and internal-use capitalized software calculations; (ii) the Company had overstated Legacy Stem's and its own post-Merger business and financial prospects; (iii) Stem's software revenue did not makeup 100% of the Company's services revenue; (iv) Stem had overstated the benefits expected to flow from its AP partnership; and (v) as a result, the offering documents and defendants public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

Cutera, Inc. (NASDAQ:CUTR)

CUTR Lawsuit on behalf of: investors who purchased February 17, 2021 - May 9, 2023
Lead Plaintiff Deadline : July 24, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/cutera-lawsuit-submission-form?prid=41062&wire=1

According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company's business and operations. Specifically, defendants overstated the sustainability of Cutera's revenue growth, failed to disclose significant conflicts among members of the Company's senior leadership and Board, and failed to disclose several material weaknesses in the Company's internal control over financial reporting. As a result of defendant's wrongful acts and omissions, and the significant decline in the market value of the Company's common stock, Cutera's investors have suffered significant damages.

NextEra Energy, Inc. (NYSE:NEE)

NEE Lawsuit on behalf of: investors who purchased December 2, 2021 - February 1, 2023
Lead Plaintiff Deadline : July 25, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/nextera-energy-lawsuit-submission-form?prid=41062&wire=1

According to the filed complaint, during the class period, NextEra Energy, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Florida Power and Light Company's surreptitious orchestration of political misconduct exposed NEE to substantial legal and reputational risk; and (2) in light of the above, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE : Levi & Korsinsky, LLP

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