{"id":937087,"date":"2026-02-15T06:21:02","date_gmt":"2026-02-15T11:21:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/plug-court-deadline-plug-power-inc-faces-securities-fraud-allegations-over-doe-funding-issues-bfa-law-notifies-investors-of-the-april-3-class-action-deadline\/"},"modified":"2026-02-15T06:21:02","modified_gmt":"2026-02-15T11:21:02","slug":"plug-court-deadline-plug-power-inc-faces-securities-fraud-allegations-over-doe-funding-issues-bfa-law-notifies-investors-of-the-april-3-class-action-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/plug-court-deadline-plug-power-inc-faces-securities-fraud-allegations-over-doe-funding-issues-bfa-law-notifies-investors-of-the-april-3-class-action-deadline\/","title":{"rendered":"PLUG COURT DEADLINE: Plug Power Inc. Faces Securities Fraud Allegations Over DOE Funding Issues \u2013 BFA Law Notifies Investors of the April 3 Class Action Deadline"},"content":{"rendered":"
\n

NEW YORK, Feb. 15, 2026 (GLOBE NEWSWIRE) — Leading securities law firm\u00a0Bleichmar Fonti & Auld LLP<\/strong><\/a> announces that a class action lawsuit has been filed against Plug Power Inc. (NASDAQ:PLUG) and certain of the Company\u2019s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws.<\/p>\n

If you invested in Plug Power, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases\/plug-power-class-action-lawsuit<\/strong><\/a>.<\/strong><\/p>\n

Investors have until April 3, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Plug Power securities. The case is pending in the U.S. District Court for the Northern District of New York and is captioned Ortolani v. Plug Power Inc., et al.<\/em>, No. 1:26-cv-00165.<\/p>\n

\n Why is Plug Power Being Sued for Securities Fraud?<\/strong>\n <\/p>\n

Plug Power provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets and develops infrastructure such as hydrogen production plants. During the relevant period, Plug Power announced it had \u201cclosed a $1.66 billion loan guarantee\u201d from the U.S. Dept. of Energy\u2019s Loan Program Office to \u201chelp finance the construction of up to six projects to produce and liquefy zero- or low-carbon hydrogen at scale throughout the United States.\u201d<\/p>\n

As alleged, in truth, Plug Power materially overstated the likelihood that DOE loan funds would ultimately become available to Plug Power, and that Plug Power would ultimately construct the hydrogen production facilities necessary to receive those funds.<\/p>\n

\n Why did Plug Power\u2019s Stock Drop?<\/strong>\n <\/p>\n

On October 7, 2025, Plug Power announced the abrupt departure of its CEO, Andrew Marsh, and its President, Sanjay Shrestha. This news caused the price of Plug Power stock to drop $0.26 per share, or 6.3%, from a closing price of $4.13 per share on October 6, 2025, to $3.87 per share on October 7, 2025.<\/p>\n

A month later, on November 10, 2025, Plug Power announced that it \u201csuspended activities under the DOE loan program,\u201d which purportedly allowed the Company to \u201credeploy capital\u201d to pursue an agreement with a U.S. data center developer to monetize electricity rights. This news caused the price of Plug Power stock to drop $0.09 per share, or 3.4%, from a closing price of $2.65 per share on November 7, 2025, to $2.56 per share on November 10, 2025, the next trading day.<\/p>\n

Then, on November 13, 2025, The Washington Examiner <\/em>reported that Plug Power \u201cconfirmed . . . that it suspended activities\u201d on \u201cits plans to construct six facilities to produce and liquefy zero or low-carbon hydrogen, putting at risk\u201d the $1.66 billion DOE loan it closed in January. This news caused the price of Plug Power stock to drop $0.48 per share, or 17.6%, from a closing price of $2.49 per share on November 13, 2025, to $2.25 per share on November 14, 2025.<\/p>\n

\n Click here for more information: <\/strong>
\n
\n https:\/\/www.bfalaw.com\/cases\/plug-power-class-action-lawsuit<\/strong>
\n <\/a>
\n .<\/strong>\n <\/p>\n

\n What Can You Do?<\/strong>\n <\/p>\n

If you invested in Plug Power, you may have legal options and are encouraged to submit your information to the firm.<\/p>\n

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.<\/p>\n

\n Submit your information by visiting:<\/strong>\n <\/p>\n

\n
\n https:\/\/www.bfalaw.com\/cases\/plug-power-class-action-lawsuit<\/strong>
\n <\/a>\n <\/p>\n

Or contact:
Adam McCall
adam@bfalaw.com<\/a>
212.789.3619<\/p>\n

\n Why Bleichmar Fonti & Auld LLP?<\/strong>\n <\/p>\n

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA<\/em>, The Legal 500<\/em>, and ISS SCAS<\/em>, and its attorneys have been named \u201cElite Trial Lawyers\u201d by the National Law Journal<\/em>, \u201cLitigation Stars\u201d by Benchmark Litigation<\/em>, among the top \u201c500 Leading Plaintiff Financial Lawyers\u201d by Lawdragon<\/em>, \u201cTitans of the Plaintiffs\u2019 Bar\u201d by Law360<\/em> and \u201cSuperLawyers\u201d by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.\u2019s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.<\/p>\n

For more information about BFA and its attorneys, please visit https:\/\/www.bfalaw.com<\/a>.<\/p>\n

\n
\n https:\/\/www.bfalaw.com\/cases\/plug-power-class-action-lawsuit<\/strong>
\n <\/a>\n <\/p>\n

\n Attorney advertising. Past results do not guarantee future outcomes.<\/em>\n <\/p>\n

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

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

NEW YORK, Feb. 15, 2026 (GLOBE NEWSWIRE) — Leading securities law firm\u00a0Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Plug Power Inc. (NASDAQ:PLUG) and certain of the Company\u2019s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Plug Power, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases\/plug-power-class-action-lawsuit. Investors have until April 3, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Plug Power securities. The case is pending in the U.S. District Court … <\/p>\n

Continue reading “PLUG COURT DEADLINE: Plug Power Inc. Faces Securities Fraud Allegations Over DOE Funding Issues \u2013 BFA Law Notifies Investors of the April 3 Class Action Deadline”<\/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-937087","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPLUG COURT DEADLINE: Plug Power Inc. 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Faces Securities Fraud Allegations Over DOE Funding Issues \u2013 BFA Law Notifies Investors of the April 3 Class Action Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/plug-court-deadline-plug-power-inc-faces-securities-fraud-allegations-over-doe-funding-issues-bfa-law-notifies-investors-of-the-april-3-class-action-deadline\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-15T11:21:02+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1NDE5MCM3NDI0NjUzIzIyOTA5OTU=","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\/plug-court-deadline-plug-power-inc-faces-securities-fraud-allegations-over-doe-funding-issues-bfa-law-notifies-investors-of-the-april-3-class-action-deadline\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plug-court-deadline-plug-power-inc-faces-securities-fraud-allegations-over-doe-funding-issues-bfa-law-notifies-investors-of-the-april-3-class-action-deadline\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PLUG COURT DEADLINE: Plug Power Inc. 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