{"id":686062,"date":"2022-09-15T20:58:07","date_gmt":"2022-09-16T00:58:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-azure-power-3\/"},"modified":"2022-09-15T20:58:07","modified_gmt":"2022-09-16T00:58:07","slug":"lost-money-in-azure-power-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-azure-power-3\/","title":{"rendered":"Lost Money in Azure Power?"},"content":{"rendered":"

<\/p>\n

Lost Money in Azure Power?<\/b><\/p>\n

Gibbs Law Group Investigates Potential Securities Law Violations<\/b><\/p>\n

OAKLAND, Calif.–(BUSINESS WIRE<\/a>)–
\nAn Azure Power Global Limited class action lawsuit<\/a> has been filed on behalf of investors who lost money in Azure (NYSE: AZRE). Shares of Azure Power Global Limited plunged 44% on August 29, 2022, after the company disclosed that it had received a whistleblower complaint back in May of 2022 alleging \u201cpotential procedural irregularities\u201d and \u201cmisconduct by certain employees,\u201d while also announcing its CEO was stepping down effective immediately after less than two months. We encourage investors who purchased or acquired Azure shares between June 15, 2021 and August 26, 2022, to contact Gibbs Law Group before the October 31, 2022 lead plaintiff deadline to discuss your legal rights and options.\n<\/p>\n

To speak with an attorney regarding this class action lawsuit investigation, <\/b>click here<\/a><\/b><\/span> or call (888) 410-2925.<\/b><\/p>\n

\nOn Monday, August 29, 2022, India-based renewable power producer Azure Power admitted in a press release that it had received a whistleblower complaint back in May of 2022 regarding \u201cpotential procedural irregularities\u201d and \u201cmisconduct by certain employees\u201d at a plant run by its subsidiary. Azure Power further stated that in reviewing the allegations, the company did indeed discover \u201cdeviation from safety and quality norms\u201d as well as \u201cevidence of manipulation of project data and information by certain employees.\u201d The class action lawsuit alleges that Azure\u2019s positive statements about its business, operations, and prospects were misleading to investors.\n<\/p>\n

\nIn its August press release, Azure Power also said Harsh Shah was stepping down as CEO effective immediately, despite having only assumed the role on July 1, 2022.\n<\/p>\n

\nAzure Power also reiterated it still was unable to file its annual report for the financial year ending March 31, 2022, after having previously announced its delay on August 12, 2022.\n<\/p>\n

\nFollowing this news, Azure Power stock crashed by 44%, closing at $5.85 on August 29, 2022, causing significant harm to investors.\n<\/p>\n

What Should<\/b>Azure Power<\/b>Investors Do?<\/b><\/p>\n

\nIf you invested in Azure Power, visit our website<\/a> or contact our securities team directly at (888) 410-2925 <\/b>to discuss how you may be able to recover your losses. Our investigation concerns whether Azure Power has violated federal securities laws.\n<\/p>\n

About Gibbs Law Group<\/b><\/p>\n

\nGibbs Law Group represents individual and institutional investors throughout the country in securities litigation<\/a> to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world\u2019s largest corporations, and our attorneys have received numerous honors for their work, including \u201cBest Lawyers in America,\u201d \u201cTop Plaintiff Lawyers in California,\u201d \u201cCalifornia Lawyer Attorney of the Year,\u201d \u201cTop Class Action Attorneys Under 40,\u201d \u201cConsumer Protection MVP,\u201d and \u201cTop Cybersecurity\/ Privacy Attorneys Under 40.\u201d\n<\/p>\n

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

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220915006160\/en\/<\/a><\/span><\/p>\n

\nEILEEN EPSTEIN CARNEY
\n
PHONE: 510.350.9728
\n
EMAIL: EJE@CLASSLAWGROUP.COM<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Lost Money in Azure Power? Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.–(BUSINESS WIRE)– An Azure Power Global Limited class action lawsuit has been filed on behalf of investors who lost money in Azure (NYSE: AZRE). Shares of Azure Power Global Limited plunged 44% on August 29, 2022, after the company disclosed that it had received a whistleblower complaint back in May of 2022 alleging \u201cpotential procedural irregularities\u201d and \u201cmisconduct by certain employees,\u201d while also announcing its CEO was stepping down effective immediately after less than two months. We encourage investors who purchased or acquired Azure shares between June 15, 2021 and August 26, 2022, to contact Gibbs Law Group before the October 31, 2022 lead plaintiff deadline … <\/p>\n

Continue reading “Lost Money in Azure 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-686062","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLost Money in Azure 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\/lost-money-in-azure-power-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lost Money in Azure Power? - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Lost Money in Azure Power? Gibbs Law Group Investigates Potential Securities Law Violations OAKLAND, Calif.–(BUSINESS WIRE)– An Azure Power Global Limited class action lawsuit has been filed on behalf of investors who lost money in Azure (NYSE: AZRE). Shares of Azure Power Global Limited plunged 44% on August 29, 2022, after the company disclosed that it had received a whistleblower complaint back in May of 2022 alleging \u201cpotential procedural irregularities\u201d and \u201cmisconduct by certain employees,\u201d while also announcing its CEO was stepping down effective immediately after less than two months. We encourage investors who purchased or acquired Azure shares between June 15, 2021 and August 26, 2022, to contact Gibbs Law Group before the October 31, 2022 lead plaintiff deadline … Continue reading "Lost Money in Azure Power?"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lost-money-in-azure-power-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-16T00:58:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20220915006160r1&sid=flmnd&distro=nx&lang=en\" \/>\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=\"2 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\\\/lost-money-in-azure-power-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-azure-power-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lost Money in Azure Power?\",\"datePublished\":\"2022-09-16T00:58:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-azure-power-3\\\/\"},\"wordCount\":495,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-azure-power-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20220915006160r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-azure-power-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lost-money-in-azure-power-3\\\/\",\"name\":\"Lost Money in Azure Power? 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