{"id":473987,"date":"2021-04-08T19:14:19","date_gmt":"2021-04-08T23:14:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473987"},"modified":"2021-04-08T19:14:19","modified_gmt":"2021-04-08T23:14:19","slug":"kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/","title":{"rendered":"Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Against Plug Power, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">RADNOR, Pa., April  08, 2021  (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Plug Power Inc. (NASDAQ: PLUG) (\u201cPlug\u201d) on behalf of those who purchased or acquired Plug securities <strong><em>between November 9, 2020 and March 1, 2021<\/em><\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>\n        <strong><br \/>\n          <em>Investor Deadline Reminder: Investors who purchased or acquired Plug securities<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>during the Class Period may, <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>no later than May 7, 2021<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer &amp; Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at<\/em><br \/>\n        <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qZ96khz0-PVYT0NUV7vGXlDz-vRaR0gNxquGTvUjXQnrlaT8s8hYWM4G3kqD8My4tvXrI2vcvEGNE2uKERooiA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@ktmc.com<\/a>; <strong>or<\/strong><strong><em>click <\/em><\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0G3SXBVzSHgcuLGfC36bd1xPYIufvW6ggVYntrBhBWoj1crPr994EK0CphjWCMf8YUo_ewGtuV277cfzV97ZJNVWDQKqEuijiWJ9G4u58-ndTFLAUA1XXuov1HEZS5uvs-3T0sm8gblcK0XErAVSVi8znWidn_j4pMT_7uKg-MJz3dEFz7ai1m9VrqqcuXFXHWG3YlKjlo4Mqd-MKp8mARrc_TVjkzgYUM2Ep5mOhZtVpq2c4bwzr7iT_LuQSN1rHv35qBXlr60ThTV3tU81bceOaqL-KrDldtFFwH-O4Y9mVN1gz2Seo6x-CD-yip8haVFyqCuSc5B3nJXp7cfWRA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.ktmc.com\/plug-power-class-action-lawsuit?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=Plug_Power<\/a><\/p>\n<p align=\"justify\">Plug provides comprehensive hydrogen fuel cell turnkey solutions focused on systems used to power electric motors in the electric mobility and stationary power markets.<\/p>\n<p align=\"justify\">The truth regarding Plug\u2019s weaknesses in its internal control over financial reporting was revealed on March 2, 2021 when, before the market opened, Plug filed a Notification of Late Filing with the U.S. Securities and Exchange Commission stating that it could not timely file its annual report for the period ended December 31, 2020 because Plug was completing a \u201creview 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.\u201d Plug stated that \u201c[i]t is possible that one or more of these items may result in charges or adjustments to current and\/or prior period financial statements.\u201d<\/p>\n<p align=\"justify\">Subsequently, on March 16, 2021, Plug announced that it will 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 \u201cas soon as possible.\u201d<\/p>\n<p align=\"justify\">The complaint alleges that, throughout the Class Period, the defendants failed to disclose to investors that: (1) Plug would be unable to timely file its 2020 annual report due to delays related to the review of classification of certain costs and the recoverability of the right to use assets with certain leases; (2) Plug was reasonably likely to report material weaknesses in its internal control over financial reporting; and (3) as a result of the foregoing, the defendants\u2019 positive statements about Plug\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p align=\"justify\">Plug investors may, <strong><em><u>no later than May 7, 2021<\/u><\/em><\/strong>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer &amp; Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member.\u00a0 A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0 In order to be appointed as a lead plaintiff, the Court must determine that the class member\u2019s claim is typical of the claims of other class members, and that the class member will adequately represent the class.\u00a0 Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.\u00a0<\/p>\n<p align=\"justify\">Kessler Topaz Meltzer &amp; Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer &amp; Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. \u00a0The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).\u00a0 The complaint in this action was not filed by Kessler Topaz Meltzer &amp; Check, LLP. For more information about Kessler Topaz Meltzer &amp; Check, LLP please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OfSlzMKaMiecf0z1KbX_TRXrQhsnWt5dxVFhaJAcAdRyFz0pcqFksc5Hno-qEtnJ_3BIUH4ZelbsSwMopHnzVQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.ktmc.com<\/a>.<\/p>\n<p>CONTACT:<\/p>\n<p>Kessler Topaz Meltzer &amp; Check, LLP<br \/>James Maro, Jr., Esq.<br \/>Adrienne Bell, Esq.<br \/>280 King of Prussia Road<br \/>Radnor, PA 19087<br \/>(844) 887-9500 (toll free)<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qZ96khz0-PVYT0NUV7vGXjsuwPF4ib6sCa-Lr_9bDpCi0CVS4Wru2C2JrPa-fWTh9oeEVdWoBAbftTPkW-fIgw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@ktmc.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzkzMSM0MTEyNTI0IzIwMTkzMTI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e8779041-3111-4df1-ad7d-1beb92796c56\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RADNOR, Pa., April 08, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Plug Power Inc. (NASDAQ: PLUG) (\u201cPlug\u201d) on behalf of those who purchased or acquired Plug securities between November 9, 2020 and March 1, 2021, inclusive (the \u201cClass Period\u201d). Investor Deadline Reminder: Investors who purchased or acquired Plug securities during the Class Period may, no later than May 7, 2021 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Against Plug Power, Inc.&#8221;<\/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-473987","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Against Plug Power, Inc. - 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\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Against Plug Power, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RADNOR, Pa., April 08, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kessler Topaz Meltzer &amp; Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Plug Power Inc. (NASDAQ: PLUG) (\u201cPlug\u201d) on behalf of those who purchased or acquired Plug securities between November 9, 2020 and March 1, 2021, inclusive (the \u201cClass Period\u201d). Investor Deadline Reminder: Investors who purchased or acquired Plug securities during the Class Period may, no later than May 7, 2021 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact &hellip; Continue reading &quot;Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Against Plug Power, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-08T23:14:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzkzMSM0MTEyNTI0IzIwMTkzMTI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kessler Topaz Meltzer &amp; 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(NASDAQ: PLUG) (\u201cPlug\u201d) on behalf of those who purchased or acquired Plug securities between November 9, 2020 and March 1, 2021, inclusive (the \u201cClass Period\u201d). Investor Deadline Reminder: Investors who purchased or acquired Plug securities during the Class Period may, no later than May 7, 2021 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact &hellip; Continue reading \"Kessler Topaz Meltzer &amp; Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Against Plug Power, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-08T23:14:19+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzkzMSM0MTEyNTI0IzIwMTkzMTI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securities-fraud-class-action-lawsuit-against-plug-power-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kessler Topaz Meltzer &amp; 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