Wolf Haldenstein Adler Freeman & Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York
NEW YORK, March 10, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the U.S. District Court for the southern borough of New York on behalf of the acquirers’ securities of Plug Power Inc. (” Plug “or the” Company “) (NASDAQ: PLUG) from November 9, 2020 through March 1, 2021 (the” Class Period “) inclusive.
All investors who have bought shares in Plug Power Inc. and any losses incurred are requested to contact the company immediately firstname.lastname@example.org or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or Join the case on our website, www.whafh.com.
If you have suffered losses in the shares of Plug Power Inc., You may, no later than May 7, 2021, Ask the court to appoint you as the lead plaintiff in the proposed class. Please contact Wolf Haldenstein to find out more about your rights as an investor in the shares of Plug Power Inc.
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On March 2, 2021, prior to the start of the trading day, the company filed a late filing notice with the SEC stating that it was unable to file its annual report for the period ended December 31 in time. 2020 because the company has completed a “review and assessment of the treatment of certain costs in terms of the classification between research and development versus the cost of goods sold, the recoverability of rights of use associated with certain leases, and certain internal controls of this and that other areas. “The company stated,” It is possible that one or more of these items may lead to charges or adjustments to the current and / or previous period-end closing. ”
In that news, the company’s share price fell $ 3.68, or approximately 7%, and closed at $ 48.78 per share on March 2, 2021 in an unusually high trading volume. The stock price fell $ 9.48, or approximately 19.4%, for the next three consecutive trading sessions, closing at $ 39.30 per share on March 5, 2021.
Wolf Haldenstein has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities multiple district and consolidated litigation.
If you would like to discuss this promotion or if you have any questions about your rights and interests in this case, please contact Wolf Haldenstein immediately at (800) 575-0735, by email at email@example.com or visit our website on www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, director of case and financial analysis
Email: firstname.lastname@example.org, email@example.com or firstname.lastname@example.org
Tel .: (800) 575-0735 or (212) 545-4774
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.