Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Array Technologies, Inc.
OKLAHOMA CITY – (BUSINESS WIRE) – Federman & Sherwood announces that a class action lawsuit against Array Technologies, Inc. (NASDAQ: ARRY) has been filed in the U.S. District Court for the Southern Borough of New York on May 14, 2021. The complaint alleges violations of federal securities laws, sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934, rule 10b-5, and sections 11, 12 (a) (2) and 15 of the Securities Act of 1933, including allegations of launching a number of material or misrepresentations that resulted in the market price being artificially increased during the October 14, 2020 through May 11, 2021 class period, array made in its In December 2020 and March 2021, IPO materials released misleading and false information without disclosing the increasing cost of materials to manufacture its products, which had a negative impact on the company’s earnings expectations.
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The lawsuit seeks to seek damages for all investors in Array Technologies, Inc. who purchased common stock during the class. You can move the court as the lead plaintiff for the entire class no later than Monday, July 12, 2021.
If you would like to discuss this action, seek more information and participate in this litigation, or have any questions about this notice or how to protect your rights, please contact: Priscilla Scoggins at email@example.com or visit the company’s website at www .federmanlaw.com.