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Dow Jones | 38675.68 | 1.18% |
NASDAQ | 16156.33 | 1.99% |
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NEW YORK, NY / ACCESSWIRE / April 25, 2024 / If you suffered a loss on your
Plug Power Inc. (NASDAQ:PLUG) investment and want to learn about a potential
recovery under the federal securities laws, follow the link below for more
information:
https://zlk.com/pslra-1/plug-power-inc-lawsuit-submission-form-2?prid=76992&wire=1
or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call
(212) 363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against Plug Power
Inc. that seeks to recover losses of shareholders who were adversely affected
by alleged securities fraud between May 9, 2023 and January 16, 2024.
CASE DETAILS: The filed complaint alleges that defendants made false
statements and/or concealed that: (i) Plug overstated its ability and/or
efforts to mitigate the negative impacts that, among other things, 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; (ii) Plug 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; (iii) Plug
downplayed the true scope and severity of all the foregoing when these issues
were eventually revealed; (iv) 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 (v) as a result, the
Company's public statements were materially false and misleading at all
relevant times.
WHAT'S NEXT? If you suffered a loss in Plug Power Inc. stock during the
relevant time frame - even if you still hold your shares - go to
https://zlk.com/pslra-1/plug-power-inc-lawsuit-submission-form-2?prid=76992&wire=1
to learn about your rights to seek a recovery. There is no cost or obligation
to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has
established itself as a nationally-recognized securities litigation firm that
has secured hundreds of millions of dollars for aggrieved shareholders and
built a track record of winning high-stakes cases. The firm has extensive
expertise representing investors in complex securities litigation and a team
of over 70 employees to serve our clients. For seven years in a row, Levi &
Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as
one of the top securities litigation firms in the United States. Attorney
Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release
(https://www.accesswire.com/856630/levi-korsinsky-reminds-plug-power-inc-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-may-21-2024-plug)
on accesswire.com
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