SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Star Peak Energy Transition Corp. (NYSE – STPK)

BALA CYNWYD – December 4, 2020 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Star Peak Energy Transition Corp. (NYSE – STPK) (“Star Peak” or the “Company”) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Star Peak, a special purpose acquisition company, will combine with Stem, Inc. (“Stem”), an energy storage leader that offers customers a complete solution of integrated battery storage systems, network integration and battery optimization via its proprietary AI-driven software platform called Athena,™ and result in Stem becoming a publicly-listed company. Under the terms of the agreement, Star Peak shareholders will retain ownership of only 28.3% of the combined company.

The investigation concerns whether the Star Peak Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

If you own shares of Star Peak stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or call toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.