SES AI Corporation
Securities Class Action
Company Name: SES AI Corporation (SES)
Download ComplaintJanuary 29, 2025 and March 4, 2026
June 26, 2026|59 days left
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Allegations
On December 9, 2025, Wolfpack Research published a report entitled “SES’s Dying Biz Pivoting into Another AI Pipedream? Phantom Deals and a Related Entity Whose Registered Agent Was Allegedly Part of a $1 Billion Ponzi Scheme.” Among other issues, the Wolfpack report accused SES AI of using “phantom deals” to mask lost customers and a “Chat GPT wrapper” for AI initiatives. The report also alleged concerns regarding a purportedly questionable acquisition of UZ Energy and lack of progress on a joint venture with Hisun New Energy Materials. Then, on March 4, 2026, SES AI reported its fourth quarter and full year 2025 financial results. Among other items, SES AI disclosed that logistics constraints delayed shipments at the end of the year, pushing approximately $1.5 million of expected revenue into the first quarter of 2026. On this news, SES AI’s stock price fell $0.63 per share, or 36.84%, to close at $1.08 per share on March 5, 2026.
Lead Plaintiff
If you have qualifying losses, you may be eligible to serve as Lead Plaintiff. Acting as a representative for all class members seeking recovery in the lawsuit, the Lead Plaintiff plays an important role in the litigation, including selecting a law firm to serve as Lead Counsel and approving the final settlement. There is no cost whatsoever to seek or participate as a Lead Plaintiff. The Lead Plaintiff may also receive a monetary award for their participation in the suit.
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