Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Renewable Energy Group, Inc. (REGI) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
PHILADELPHIA, April 15, 2021 (GLOBE NEWSWIRE) – Kaskela Law LLC announces that it has filed a class action lawsuit against Renewable Energy Group, Inc. (“Renewable Energy” or the “Company”) (NASDAQ: REGI) by investors, bought the shares in the company’s securities between May 3, 2018 and February 25, 2021including (the “Class Period”).
Renewable energy investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact us at (484) 258-1585 or email at email@example.com or online at Kaskela Law LLC (D. Seamus Kaskela, Esq.) Contact Kaskela Law LLC https://kaskelalaw.com/case/renewable-energy-group-inc/, for additional information about this promotion and your statutory rights and options.
As set out in the complaint, Renewable Energy issued a press release on February 25, 2021 announcing its financial results for the fourth quarter and full year 2020. In it, the company announced that it would adjust “cumulative revenue of $ 38.2 million from January 2018 to September 30, 2020” because renewable energy was not the “correct applicant for certain BTC payments for biodiesel that were sold between January 1, 2017 and September 30, 2017. ” 2020. ”Renewable Energy said it had reached an agreement with the Internal Revenue Service on a valuation of $ 40.5 million without interest to correct these claims.
Following the news, the company’s shares fell $ 8.17 per share, or 9.5%, to close at $ 77.77 per share on February 26, 2021 in an unusually high trading volume.
IMPORTANT DEADLINE: Investors who purchased Renewable Energy securities during the class period can: no later than May 3, 2021try to be appointed as the plaintiff’s principal agent in the lawsuit. Renewable energy investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact Kaskela Law LLC to discuss this opportunity to actively participate in the promotion.
Kaskela Law LLC only represents investors in the areas of securities fraud, corporate governance, and merger and acquisition disputes. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.
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D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073