{"id":474306,"date":"2021-04-09T12:03:11","date_gmt":"2021-04-09T16:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474306"},"modified":"2021-04-09T12:03:11","modified_gmt":"2021-04-09T16:03:11","slug":"deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-3\/","title":{"rendered":"Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Shareholders with $250,000 losses or more are encouraged to contact the firm<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BENSALEM, Pa.<\/span>, <span class=\"xn-chron\">April 9, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span> reminds investors of the upcoming <b><span class=\"xn-chron\">May 7, 2021<\/span><\/b>\u00a0deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Plug Power Inc. (&#8220;Plug&#8221; or the &#8220;Company&#8221;) (NASDAQ: PLUG) securities between <b><span class=\"xn-chron\">November 9, 2020<\/span> and <span class=\"xn-chron\">March 1, 2021<\/span><\/b>, inclusive (the &#8220;Class Period&#8221;).<\/p>\n<p>Investors suffering losses on their Plug investments are encouraged to contact the Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span> to discuss their legal rights in this class action at 888-638-4847 or by email to <a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow noopener noreferrer\">howardsmith@howardsmithlaw.com<\/a>.<\/p>\n<p>On <span class=\"xn-chron\">March 2, 2021<\/span>, before the market opened, Plug filed a Notification of Late Filing with the SEC stating that it could not timely file its annual report for the period ended <span class=\"xn-chron\">December 31, 2020<\/span> because the Company was completing a &#8220;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.&#8221; The Company stated that &#8220;[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.&#8221;<\/p>\n<p>On this news, the Company&#8217;s stock price fell <span class=\"xn-money\">$3.68<\/span>, or 7%, to close at <span class=\"xn-money\">$48.78<\/span> per share on <span class=\"xn-chron\">March 2, 2021<\/span>, on unusually heavy trading volume. The share price continued to decline by <span class=\"xn-money\">$9.48<\/span>, or 19.4%, over three consecutive trading sessions to close at <span class=\"xn-money\">$39.30<\/span> per share on <span class=\"xn-chron\">March 5, 2021<\/span>, on unusually heavy trading volume. <\/p>\n<p>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company&#8217;s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company 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) that the Company was reasonably likely to report material weaknesses in its internal control over financial reporting; and (3) that, as a result of the foregoing, Defendants&#8217; positive statements about the Company&#8217;s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>If you purchased or otherwise acquired Plug securities during the Class Period, you may move the Court no later than\u00a0<b><span class=\"xn-chron\">May 7, 2021<\/span><\/b>to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact <span class=\"xn-person\">Howard G. Smith, Esquire<\/span>, of Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span>, 3070 Bristol Pike, Suite 112, <span class=\"xn-location\">Bensalem, Pennsylvania<\/span> 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0<a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow noopener noreferrer\">howardsmith@howardsmithlaw.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123965-1&amp;h=2400098888&amp;u=http%3A%2F%2Fwww.howardsmithlaw.com%2F&amp;a=www.howardsmithlaw.com\" rel=\"nofollow noopener noreferrer\">www.howardsmithlaw.com<\/a>.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\u00a0<\/p>\n<p>\n        <b>Contacts<\/b>\n      <\/p>\n<p>Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span><br \/><span class=\"xn-person\">Howard G. Smith, Esquire<\/span><br \/>215-638-4847<br \/>888-638-4847<br \/><a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow noopener noreferrer\">howardsmith@howardsmithlaw.com<\/a><br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3123965-1&amp;h=2400098888&amp;u=http%3A%2F%2Fwww.howardsmithlaw.com%2F&amp;a=www.howardsmithlaw.com\" rel=\"nofollow noopener noreferrer\">www.howardsmithlaw.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH37389&amp;sd=2021-04-09\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-301265657.html\">http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-301265657.html<\/a><\/p>\n<p>SOURCE  Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span><\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH37389&amp;Transmission_Id=202104091200PR_NEWS_USPR_____PH37389&amp;DateId=20210409\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders with $250,000 losses or more are encouraged to contact the firm PR Newswire BENSALEM, Pa., April 9, 2021 \/PRNewswire\/ &#8212;\u00a0Law Offices of Howard G. Smith reminds investors of the upcoming May 7, 2021\u00a0deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Plug Power Inc. (&#8220;Plug&#8221; or the &#8220;Company&#8221;) (NASDAQ: PLUG) securities between November 9, 2020 and March 1, 2021, inclusive (the &#8220;Class Period&#8221;). Investors suffering losses on their Plug investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On March 2, 2021, before the market opened, Plug filed a Notification of Late &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)&#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-474306","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. 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Smith reminds investors of the upcoming May 7, 2021\u00a0deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Plug Power Inc. (&#8220;Plug&#8221; or the &#8220;Company&#8221;) (NASDAQ: PLUG) securities between November 9, 2020 and March 1, 2021, inclusive (the &#8220;Class Period&#8221;). Investors suffering losses on their Plug investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On March 2, 2021, before the market opened, Plug filed a Notification of Late &hellip; Continue reading &quot;Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. 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Smith reminds investors of the upcoming May 7, 2021\u00a0deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Plug Power Inc. (&#8220;Plug&#8221; or the &#8220;Company&#8221;) (NASDAQ: PLUG) securities between November 9, 2020 and March 1, 2021, inclusive (the &#8220;Class Period&#8221;). Investors suffering losses on their Plug investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On March 2, 2021, before the market opened, Plug filed a Notification of Late &hellip; Continue reading \"Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Plug Power Inc. (PLUG)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-3\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-09T16:03:11+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH37389&amp;sd=2021-04-09","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-plug-power-inc-plug-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Deadline Reminder: Law Offices of Howard G. 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