{"id":470045,"date":"2021-04-01T15:43:25","date_gmt":"2021-04-01T19:43:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470045"},"modified":"2021-04-01T15:43:25","modified_gmt":"2021-04-01T19:43:25","slug":"plug-power-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/plug-power-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-so\/","title":{"rendered":"PLUG POWER INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York"},"content":{"rendered":"
\n

Lead Plaintiff Deadline Is May 7, 2021<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, April 1, 2021<\/span> \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman<\/span> & Herz LLP <\/a>\u00a0announces that a federal securities class action lawsuit has been filed in the United States<\/span> District Court for the Southern District of New York<\/span> on behalf of those who acquired Plug Power Inc. (“Plug” or the “Company”)
(NASDAQ: PLUG) securities from November 9, 2020<\/span> through March 1, 2021<\/span>, inclusive (the “Class Period”).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Wolf
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n All <\/b>
\n investors\u00a0who purchased shares of <\/b>
\n Plug Power Inc.<\/b>\u00a0and incurred losses are urged to contact the firm immediately at <\/b>classmember@whafh.com<\/a>\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/b>join the case<\/a>on our website,<\/b>www.whafh.com.<\/a><\/p>\n

If \u00a0\u00a0you have incurred losses in the shares of Plug Power Inc., you<\/b>\u00a0<\/b>may,<\/b>no later than May 7, 2021<\/span><\/b>, <\/b>request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of \u00a0Plug Power Inc.<\/p>\n

\n CLICK HERE TO JOIN CASE<\/a>\n <\/p>\n

On March 2, 2021<\/span>, prior to the commencement of the day’s trading, the Company filed a Notification of Late Filing with the U.S. Securities and Exchange Commission (SEC) stating that it could not timely file its annual report for the period ended December 31, 2020<\/span> because the Company was completing a
“review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.”<\/i> The Company stated that “it is possible that one or more of these items may result in charges or adjustments to current and\/or prior period financial statements.” <\/i><\/p>\n

On this news, the Company’s stock price fell by $3.68<\/span>, or approximately 7%, to close at $48.78<\/span> per share on March 2, 2021<\/span>, on unusually heavy trading volume. The share price declined by $9.48<\/span>, or approximately 19.4%, over the next three consecutive trading sessions to close at $39.30<\/span> per share on March 5, 2021<\/span>.<\/p>\n

Subsequently, on March 16, 2021<\/span>, Plug announced that it would have to restate financial statements for fiscal years 2018 and 2019 as well as quarterly filings for 2019 and 2020. As a result of the restatement, Plug will not file its form 10K as planned and said it will do so “as soon as possible.”<\/i><\/p>\n

\n
\n Wolf Haldenstein<\/span>
\n <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0The firm has attorneys in various practice areas; and offices in New York<\/span>, Chicago<\/span> and San Diego<\/span>. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at \u00a0www.whafh.com.<\/a><\/p>\n

Contact:
Wolf Haldenstein Adler Freeman<\/span> & Herz LLP
Kevin Cooper, Esq.<\/span>
Gregory Stone<\/span>, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>,
kcooper@whafh.com<\/a> \u00a0or
classmember@whafh.com<\/a>\u00a0
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/plug-power-inc-class-action-alert-wolf-haldenstein-adler-freeman–herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-district-of-new-york-301260998.html<\/a><\/p>\n

SOURCE Wolf Haldenstein Adler Freeman<\/span> & Herz LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Lead Plaintiff Deadline Is May 7, 2021 PR Newswire NEW YORK, April 1, 2021 \/PRNewswire\/ —\u00a0Wolf Haldenstein Adler Freeman & Herz LLP \u00a0announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of those who acquired Plug Power Inc. (“Plug” or the “Company”)(NASDAQ: PLUG) securities from November 9, 2020 through March 1, 2021, inclusive (the “Class Period”). All investors\u00a0who purchased shares of Plug Power Inc.\u00a0and incurred losses are urged to contact the firm immediately at classmember@whafh.com\u00a0or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the caseon our website,www.whafh.com. If \u00a0\u00a0you have incurred losses in the shares of … <\/p>\n

Continue reading “PLUG POWER INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470045","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPLUG POWER INC. 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You may obtain additional information concerning the action or join the caseon our website,www.whafh.com. If \u00a0\u00a0you have incurred losses in the shares of … Continue reading "PLUG POWER INC. 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