{"id":471046,"date":"2021-04-05T15:51:02","date_gmt":"2021-04-05T19:51:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471046"},"modified":"2021-04-05T15:51:02","modified_gmt":"2021-04-05T19:51:02","slug":"plug-power-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-plug-power-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/plug-power-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-plug-power-2\/","title":{"rendered":"Plug Power Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Plug Power"},"content":{"rendered":"
\n

NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of Plug Power Inc. (\u201cPlug Power\u201d or the \u201cCompany\u201d) (NASDAQ: PLUG). Plug Power claims to be a leading provider of clean hydrogen and zero-emission fuel cell solutions. A complaint has been filed on behalf of investors who purchased or otherwise acquired Plug Power securities between November 9, 2020 and March 1, 2021 (the \u201cClass Period\u201d).<\/p>\n

On March 2, 2021, Plug Power filed a Notification of Late Filing with the SEC stating that it could not timely file its annual report for the period ending December 31, 2020 because the Company was completing a \u201creview and assessment of the treatment of certain costs with regard to the 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.\u201d Plug Power also stated that \u201c[i]t is possible that one or more of these items may result in charges or adjustment to current and\/or prior period financial statements.\u201d<\/p>\n

Following this news, the Company\u2019s stock price fell $3.68 per share, or 7%, to close at $48.78 per share on March 2, 2021.<\/p>\n

On March 16, 2021, after the market closed, Plug Power issued a press release announcing that it had found accounting errors and would restate its previously issued financial statements for the years ended December 31, 2018 and 2019 and its quarterly filings for 2019 and 2020, which \u201cshould no longer be relied upon.\u201d<\/p>\n

Following this news, Plug Power\u2019s shares fell $3.35 per share, or 7.85%, to close at $39.33 per share on March 17, 2021.<\/p>\n

If you are a member of the proposed Class, you may move the court no later than May 7, 2021<\/strong> to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing jcampisi@kaplanfox.com<\/u><\/a> or by calling (212) 329-8571.<\/p>\n

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

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com<\/u><\/a>. If you have any questions about this Notice, your rights, or your interests, please contact:<\/p>\n

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York\u00a010022
(212) 329-8571
E-mail: jcampisi@kaplanfox.com<\/u><\/a><\/p>\n

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:\u00a0 (415) 772-4707
E-mail: lking@kaplanfox.com<\/u><\/a><\/p>\n

\n
\n
\n \n <\/div>\n

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

NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Plug Power Inc. (\u201cPlug Power\u201d or the \u201cCompany\u201d) (NASDAQ: PLUG). Plug Power claims to be a leading provider of clean hydrogen and zero-emission fuel cell solutions. A complaint has been filed on behalf of investors who purchased or otherwise acquired Plug Power securities between November 9, 2020 and March 1, 2021 (the \u201cClass Period\u201d). On March 2, 2021, Plug Power filed a Notification of Late Filing with the SEC stating that it could not timely file its annual report for the period ending December 31, 2020 because the Company was completing a \u201creview and assessment of the treatment … <\/p>\n

Continue reading “Plug Power Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Plug Power”<\/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-471046","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPlug Power Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Plug Power - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/plug-power-investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-plug-power-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plug Power Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Plug Power - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Plug Power Inc. 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