{"id":523930,"date":"2021-08-05T07:23:40","date_gmt":"2021-08-05T11:23:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arry-alert-did-you-acquire-array-technologies-inc-before-december-2020\/"},"modified":"2021-08-05T07:23:40","modified_gmt":"2021-08-05T11:23:40","slug":"arry-alert-did-you-acquire-array-technologies-inc-before-december-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arry-alert-did-you-acquire-array-technologies-inc-before-december-2020\/","title":{"rendered":"(ARRY) Alert: Did You Acquire Array Technologies, Inc. Before December 2020?"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN DIEGO<\/span>, <span class=\"xn-chron\">Aug. 5, 2021<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Johnson Fistel<\/span>, LLP is investigating potential claims on behalf of Array Technologies, Inc. (&#8220;Array&#8221; or the &#8220;Company&#8221;) (NASDAQ: ARRY)\u00a0against certain of its officers and directors.\u00a0<\/p>\n<p>Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Array from <b><u><span class=\"xn-chron\">October 14, 2020<\/span> and <span class=\"xn-chron\">May 11, 2020<\/span><\/u><\/b>(the &#8220;Class Period&#8221;). <\/p>\n<p>According to the lawsuit, the offering documents and defendants made false and misleading statements and failed to adequately disclose the then-existing rise of costs related to certain supplies such as steel, as well as the Company&#8217;s freight costs, and that these were likely to have, and were having, an adverse effect on the Company&#8217;s business and operations. The complaint also alleges that defendants made materially false and misleading statements in press releases and conference calls because defendants omitted and otherwise failed to disclose that dating back to Q1 2020, prices of certain commodities such as steel were increasing dramatically and that Array was facing increasing freight costs. As a result of the foregoing, the Company&#8217;s positive statements about its business and operations lacked a reasonable basis.<\/p>\n<p>\n        <b><br \/>\n          <u>If you are a current shareholder of <\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <u>Array<\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <u>, holding shares before <\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <u><br \/>\n            <span class=\"xn-chron\">December 2020<\/span>,<\/u><br \/>\n        <\/b>\u00a0you may have standing to hold Array harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company&#8217;s corporate governance to prevent future wrongdoing.\u00a0<\/p>\n<p>\n        <b>If you<\/b>\u00a0<b>are interested in learning more about the investigation, please contact <\/b><b>lead analyst <\/b><b><span class=\"xn-person\">Jim Baker<\/span> (<\/b><a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener\"><b>jimb@johnsonfistel.com<\/b><\/a><b>) at 619-814-4471. If emailing, please include a phone number.<\/b>\u00a0<\/p>\n<p>\n        <b><br \/>\n          <u>Additionally, if you are a current, long-term shareholder of <\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <u>Array<\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <u>, holding shares before <span class=\"xn-chron\">December 2020<\/span><\/u><br \/>\n        <\/b>, <b><u>you can<\/u><\/b> [<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3250794-1&amp;h=2267921889&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FArrayTechnologiesInc2&amp;a=Click+here+to+join+this+action\" rel=\"nofollow noopener\"><b>Click here to join this action<\/b><\/a>]. There is no cost or obligation to you.<\/p>\n<p>About <span class=\"xn-person\">Johnson Fistel<\/span>, LLP:<br \/><span class=\"xn-person\">Johnson Fistel<\/span>, LLP is a nationally recognized shareholder rights law firm with offices in <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">Georgia<\/span>. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit <a href=\"http:\/\/www.johnsonfistel.com\" rel=\"nofollow\">http:\/\/www.johnsonfistel.com<\/a>. Attorney advertising.\u00a0 Past results do not guarantee future outcomes.<\/p>\n<p>Contact:<br \/><span class=\"xn-person\">Johnson Fistel<\/span>, LLP<br \/><span class=\"xn-person\">Jim Baker<\/span>, 619-814-4471<br \/><a href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow\">jimb@johnsonfistel.com<\/a><\/p>\n<p>[<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3250794-1&amp;h=2267921889&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FArrayTechnologiesInc2&amp;a=Click+here+to+join+this+action\" rel=\"nofollow noopener\"><b>Click here to join this action<\/b><\/a>]<\/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=PH66300&amp;sd=2021-08-05\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/arry-alert-did-you-acquire-array-technologies-inc-before-december-2020-301349251.html\">https:\/\/www.prnewswire.com\/news-releases\/arry-alert-did-you-acquire-array-technologies-inc-before-december-2020-301349251.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH66300&amp;Transmission_Id=202108050720PR_NEWS_USPR_____PH66300&amp;DateId=20210805\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO, Aug. 5, 2021 \/PRNewswire\/ &#8212; Johnson Fistel, LLP is investigating potential claims on behalf of Array Technologies, Inc. (&#8220;Array&#8221; or the &#8220;Company&#8221;) (NASDAQ: ARRY)\u00a0against certain of its officers and directors.\u00a0 Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Array from October 14, 2020 and May 11, 2020(the &#8220;Class Period&#8221;). According to the lawsuit, the offering documents and defendants made false and misleading statements and failed to adequately disclose the then-existing rise of costs related to certain supplies such as steel, as well as the Company&#8217;s freight costs, and that these were likely to have, and were having, an adverse effect on the Company&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arry-alert-did-you-acquire-array-technologies-inc-before-december-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;(ARRY) Alert: Did You Acquire Array Technologies, Inc. Before December 2020?&#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-523930","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>(ARRY) Alert: Did You Acquire Array Technologies, Inc. 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(&#8220;Array&#8221; or the &#8220;Company&#8221;) (NASDAQ: ARRY)\u00a0against certain of its officers and directors.\u00a0 Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Array from October 14, 2020 and May 11, 2020(the &#8220;Class Period&#8221;). According to the lawsuit, the offering documents and defendants made false and misleading statements and failed to adequately disclose the then-existing rise of costs related to certain supplies such as steel, as well as the Company&#8217;s freight costs, and that these were likely to have, and were having, an adverse effect on the Company&#8217;s &hellip; Continue reading &quot;(ARRY) Alert: Did You Acquire Array Technologies, Inc. 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According to the lawsuit, the offering documents and defendants made false and misleading statements and failed to adequately disclose the then-existing rise of costs related to certain supplies such as steel, as well as the Company&#8217;s freight costs, and that these were likely to have, and were having, an adverse effect on the Company&#8217;s &hellip; Continue reading \"(ARRY) Alert: Did You Acquire Array Technologies, Inc. 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