Shoals, Investors Strike $70M Deal To Settle Wire Defect Suit

By Rae Ann Varona ( April 29, 2026, 11:14 PM EDT) -- Shoals Technologies Group Inc. and investors who accused the solar energy equipment-maker of having downplayed defects in its wire harnesses used in aggregating electricity have reached a settlement that, if approved, would pay roughly $70 million to a settlement class, they have told a Tennessee federal judge....

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