Investigation announced for Long-Term Investors in shares of Plug Power Inc. (NASDAQ: PLUG) over potential Wrongdoing

An investigation was announced for long-term investors in shares of Plug Power Inc. (NASDAQ: PLUG) concerning potential breaches of fiduciary duties by certain directors and officers of Plug Power Inc.

Investors who are current long term investors in Plug Power Inc. (NASDAQ: PLUG) 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 NASDAQ: PLUG stocks follows a lawsuit filed against Plug Power Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PLUG stocks, concerns whether certain Plug Power Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of New the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Plug Power Inc. overstated its ability and/or efforts to mitigate the negative impacts that, inter alia, supply chain constraints and material shortages could have or were having on the Company's hydrogen business, as well as the sufficiency of its cash and capital to fund its operations, that Plug Power Inc. continued to experience delays related to its green hydrogen production facility build-out plans, as well as in securing external funding sources to finance its growth plans, that Plug Power Inc. downplayed the true scope and severity of all the foregoing when these issues were eventually revealed, that as a result of all the foregoing, Plug also overstated the near-term prospects of its hydrogen production operations, as well as the viability of expanding those operations, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

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.