NEW YORK, March 27, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, has announced the filing of a class action lawsuit on behalf of buyers of the securities of Plug Power Inc. (NASDAQ: PLUG) between November 9, 2020 and March 1, 2021, inclusive of “School Lesson” ). A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must move the court no later than May 7, 2021.
SO WHAT: If you purchased Plug Power securities during the class period, you may be eligible for compensation without payment of any out-of-pocket expenses or costs under a contingent fee arrangement.
WHAT TO DO NEXT: To participate in the Plug Power class action lawsuit, go to http://www.rosenlegal.com/cases-register-2054.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for information about the class action. A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you must move the court no later than May 7, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record in leadership roles. Companies that issue notices often lack comparable experience or resources. Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. The law firm Rosen has filed the largest class action lawsuit against a Chinese company to date. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The law firm has been in the top 3 every year since 2013 and has collected hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was named the Titan of Plaintiffs’ Bar by Act 360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
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DETAILS OF THE CASE: According to the lawsuit, throughout the class period, defendants made false and / or misleading statements and / or failed to disclose that: (1) the company would not be able to publish its 2020 annual report due to delays related to the classification review timely filing of certain costs and the recoverability of the right to use assets in certain leases; (2) The Company was reasonably likely to report material weaknesses in its internal control over financial reporting. and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and / or lacking a reasonable basis. When the real details hit the market, the lawsuit alleged that investors suffered damage.
To participate in the Plug Power class action lawsuit, go to http://www.rosenlegal.com/cases-register-2054.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for information about the class action.
No class has been certified. Until a class is certified, you will not be represented by an attorney unless you keep one. You can choose an attorney of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to participate in a possible future recovery does not depend on whether they are the lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel .: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827