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Market News

Levi & Korsinsky Reminds Plug Power Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 21, 2024 – PLUG
25-Apr-24 13:32

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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