NEW
YORK, April 21, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Plug Power Inc. (NASDAQ:
PLUG).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/plug-power-inc-class-action-loss-submission-form/?id=38452&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Plug between August 9, 2022
and March 1, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
June 12, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to the filed complaint, Plug was unable to effectively
manage its supply chain and product manufacturing, resulting in
reduced revenues and margins, increased inventory levels, and
several large deals being delayed until at least 2023, among other
issues. As a result, defendant's statements about the Company's
business, operations, prospects, and ability to effectively manage
its supply chain and production lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law