openPR Logo
Press release

Lawsuit filed for Investors in shares of Plug Power Inc. (NASDAQ: PLUG)

03-19-2021 02:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Plug Power Inc. (NASDAQ: PLUG) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Plug Power Inc. (NASDAQ: PLUG) shares over alleged securities laws violations.

An investor, who purchased shares of Plug Power Inc. (NASDAQ: PLUG), filed a lawsuit over alleged violations of Federal Securities Laws by Plug Power Inc..

Investors who purchased shares of Plug Power Inc. (NASDAQ: PLUG) have certain options and for certain investors are short and strict deadlines running. Deadline: May7, 2021. NASDAQ: PLUG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Lahtam, NY based Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets in North America and Europe. On March 2, 2021, Plug Power Inc. g filed a Notification of Late Filing with the Securities and Exchange Commission (“SEC”) stating that it could not timely file its annual report for the period ended December 31, 2020 because the Company was completing a “review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.” The Company stated that “[i]t is possible that one or more of these items may result in charges or adjustments to current and/or prior period financial statements.” Shares of Plug Power Inc. (NASDAQ: PLUG) declined from $75.49 per share in January 2021 to as low as $33.26 per share on March 5, 2021.

The plaintiff claims that between November 9, 2020 and March 1, 2021, the defendants failed to disclose to investors that the Company would be unable to timely file its 2020 annual report due to delays related to the review of classification of certain costs and the recoverability of the right to use assets with certain leases, that the Company was reasonably likely to report material weaknesses in its internal control over financial reporting, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Plug Power Inc. (NASDAQ: PLUG) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in shares of Plug Power Inc. (NASDAQ: PLUG) here

News-ID: 2258877 • Views:

More Releases from Shareholders Foundation

Lawsuit filed for Investors who Lost Money with Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN)
Lawsuit filed for Investors who Lost Money with Maxeon Solar Technologies, Ltd. …
An investor, who purchased shares of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), filed a lawsuit over alleged violations of Federal Securities Laws by Maxeon Solar Technologies, Ltd. in connection with certain allegedly false and misleading statements made between November 15, 2023 and May 29, 2024. Investors who purchased a significant amount of shares of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) between November 15, 2023 and May 29, 2024, have certain options
Investigation announced for Investors who lost money with shares of Cibus, Inc. (NASDAQ: CBUS)
Investigation announced for Investors who lost money with shares of Cibus, Inc. …
An investigation was announced on behalf of investors of Cibus, Inc. (NASDAQ: CBUS) shares over potential securities laws violations by Cibus, Inc. Investors who purchased shares of Cibus, Inc. (NASDAQ: CBUS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cibus, Inc. (NASDAQ: CBUS) concerning whether
Investigation announced for Investors in GrafTech International Ltd. (NYSE: EAF) over potential Wrongdoing
Investigation announced for Investors in GrafTech International Ltd. (NYSE: EAF) …
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of GrafTech International Ltd. Investors who are current long term investors in GrafTech International Ltd. (NYSE: EAF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NYSE: EAF stocks follows a lawsuit filed against GrafTech International
Lawsuit filed for Long-Term Investors of Amplitude, Inc. (NASDAQ: AMPL) against certain Directors of Amplitude, Inc.
Lawsuit filed for Long-Term Investors of Amplitude, Inc. (NASDAQ: AMPL) against …
A long-term investor in shares of Amplitude, Inc. (NASDAQ: AMPL) filed a lawsuit against certain directors of Amplitude, Inc. over alleged breaches of fiduciary duties. Investors who are current long term investors in Amplitude, Inc. (NASDAQ: AMPL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The plaintiff alleges certain current and former insiders of Amplitude, Inc. profited from misrepresentations they made about

All 5 Releases


More Releases for Plug

Spark Plug and Glow Plug Market Is Booming Worldwide | NGK Spark Plug, Borgwarne …
A new business intelligence report released by HTF MI with title "Spark Plug and Glow Plug Market, Global Outlook and Forecast 2022-2028" is designed covering micro level of analysis by manufacturers and key business segments. The Spark Plug and Glow Plug Market survey analysis offers energetic visions to conclude and study size, share, and competitive nature of market. The research is derived through primary and secondary statistics sources and delivers
Investigation announced for Investors in shares of Plug Power Inc. (NASDAQ: PLUG …
An investigation on behalf of investors of Plug Power Inc. (NASDAQ: PLUG) shares over potential securities laws violations by Plug Power Inc. and certain of its directors and officers in connection with certain financial statements was announced. Investors who purchased shares of Plug Power Inc. (NASDAQ: PLUG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on
Global Spark Plug and Glow Plug Market Overview Report by 2020-2025
Scope of the Report: The global Spark Plug and Glow Plug market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. Market segmentation Spark Plug and Glow Plug market is split by Type and by Application. For the
Spark Plug & Glow Plug Market Focusing on Leading Players NGK Spark Plug Co. Ltd …
The market report envelopes all-in information on the global Spark Plug and Glow Plug Market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Spark Plug and Glow Plug market with Regression Analysis, S.T.E.E.P.L.E and Porter's Five Forces Analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Spark
Spark Plug and Glow Plug Market Analysis By Manufacturers NGK Spark Plug, Federa …
A spark plug is an electronic device, which was integrated with cylinder head in the vehicle engine that produces electric spark to burn petrol. Similarly, a glow plug is an electrically heating device, which is integrated on the cylinder head of the diesel engine, which helps to start the diesel engine in a cold condition. Increasing vehicle sales is one of the major factors for growth of the spark plug
Spark Plug Market Analysis with top key player like Robert Bosch GMBH, Denso Cor …
Global Info Reports has discharged a most recent report in view of exhaustive research on Spark Plug market. This top to bottom report talks about this current industry's market in types of review/definition, application, order, expectations relating quality and volume, and future forecasts. It likewise noticeably qualities the present circumstance and viewpoints with modern and monetary perspective. Besides, it contains current occasions, most recent market patterns, schematic portrayal of the