Lawsuit filed for Investors in shares of Plug Power Inc. (NASDAQ: PLUG)
A lawsuit was filed on behalf of investors in Plug Power Inc. (NASDAQ: PLUG) shares over alleged securities laws violations.
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 email@example.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.
Shareholders Foundation, Inc.
3111 Camino Del Rio North
San Diego, CA 92108
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:
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: 349
More Releases from Shareholders Foundation
Lawsuit filed for Investors in shares of CytoDyn Inc. (OTC: CYDY)
An investor, who purchased shares of CytoDyn Inc. (OTC: CYDY), filed a lawsuit over alleged violations of Federal Securities Laws by CytoDyn Inc. in connection with certain allegedly false and misleading statements. Investors who purchased shares of CytoDyn Inc. (OTC: CYDY) have certain options and for certain investors are short and strict deadlines running. Deadline: May 17, 2021. OTC: CYDY investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858)
Investigation announced for Long-Term Investors in shares of SolarWinds Corporat …
An investigation on was announced concerning potential breaches of fiduciary duties by certain directors and officers of SolarWinds Corporation. Investors who are current long term investors in SolarWinds Corporation (NYSE: SWI) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NYSE: SWI stocks follows a lawsuit filed against SolarWinds Corporation
Update in Lawsuit for Investors in shares of Merit Medical Systems, Inc. (NYSE: …
An investor in Merit Medical Systems, Inc. (NYSE: MMSI) shares filed a lawsuit in December 2019, against Merit Medical Systems, Inc. over alleged violations of Federal Securities Laws. Investors who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI) prior to February 2019 and continue to hold any of those shares, have also certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554. After the market
Deadline on May 3rd coming up in Lawsuit for Investors in Velodyne Lidar, Inc. ( …
A deadline is coming up on May 3, 2021 in the lawsuit filed for certain investors of Velodyne Lidar, Inc. (NASDAQ: VLDR) over alleged securities laws violations by Velodyne Lidar, Inc. Investors who purchased shares of Velodyne Lidar, Inc. (NASDAQ: VLDR) have certain options and there are strict and short deadlines running. Deadline: May 3, 2021. NASDAQ: VLDR stockholders should contact the Shareholders Foundation at email@example.com or call +1(858) 779 -
More Releases for Plug
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
SwiTrace I-Plug Dry Ice Data Loggers
Compact Data Loggers For Monitoring Dry Ice Shipments CAS DataLoggers is pleased to introduce the new I-Plug Dry Ice data loggers from SwiTrace. Available in both IPST8U single use and IPMT8U multi-use models, they are designed to record temperatures down to -80°C and are suitable for use with dry ice shipments. They offer built-in alarm indicators that support up to 4 user programmable high/low alarm limits, a programmable sample rate and
utomotive Glow Plug Market
The global Automotive Glow Plug market was valued at 781 million US$ in 2017 and will reach 739 million US$ by the end of 2025, growing at a CAGR of -0.69% during 2017-2025. Europe is the largest market of glow plug. The diesel vehicles in Europe occupied more than 70% of the total amount of diesel vehicles in the global. And the weather in Europe is colder than other regions.
Smart Plug Market - Product Demand Portfolio 2025
Global Smart Plug Market: Snapshot With growing integration of smart devices, it is increasingly becoming important to maintain an environment that is not complex to use. A plug, which essentially only turns things off and on, can transform into a versatile device when they are used inside smart homes. These smart plugs can be used via an app, which in turn enables functionalities even when individuals are not in the territory
MAAT Unwraps Free 2BusControl Plug-In
:: Company announces release of new comprehensive stereo master control & metering plug-in :: MAAT Incorporated, a manufacturer of exceptional fidelity professional audio solutions, today announced the release of 2BusControl version 1.0.3, a universal monitor control and metering plug-in for stereo bus masters. 2BusControl is the first product delivered by the new company, and addresses an unfulfilled need in every two channel production workflow. Available for all major plug-in formats, including VST2/VST3
Global Plug Valves Market Research Report 2017
In this report, the global Plug Valves market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Plug Valves in these regions, from 2012 to 2022 (forecast), covering North