Glancy Binkow & Goldberg Encourages Investors to Inquire About a Lead Plaintiff Position in the Class Action Lawsuit Against At
April 28 2013 - 2:00PM
Glancy Binkow & Goldberg LLP, representing investors of
Atlantic Power Corporation ("Atlantic Power" or the "Company")
(NYSE:AT), has filed a class action lawsuit in the United States
District Court for the District of Massachusetts on behalf of a
class (the "Class") comprising all purchasers of Atlantic Power
common stock between July 23, 2010 and March 4, 2013, inclusive
(the "Class Period"). Investors who have losses of $100,000 or more
are encouraged to contact the firm for information concerning a
lead plaintiff position in the class action suit and have until May
7, 2013 to file a motion with the Court to be appointed as lead
plaintiff.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM
GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US BY PHONE TO
DISCUSS THIS ACTION OR TO OBTAIN A COPY OF THE COMPLAINT AT (310)
201-9150, TOLL-FREE AT (888) 773-9224, OR BY EMAIL AT
SHAREHOLDERS@GLANCYLAW.COM.
The Complaint alleges that throughout the Class Period the
defendants made false and/or misleading statements or failed to
disclose material adverse facts about the Company's business,
operations and prospects. Specifically, the Complaint alleges that
the Company and its President and Chief Executive Officer, Barry
Welch, made false and misleading statements regarding the
sustainability of Atlantic Power's stock dividend, which was
regarded by the Company as one of its corporate objectives.
On February 28, 2013 the Company disclosed that it was cutting
its monthly dividend starting in March 2013 by more than 50%.
According to the Company, even though the Company's February 2013
dividend was Cdn$0.09583, "the Board, with management's
recommendation, unanimously approved a reduction in the annual
dividend level to Cdn$0.40 per share, or Cdn$0.03333 per share on a
monthly basis."
If you are a member of the Class described above, you may move
the Court to serve as lead plaintiff no later than May 7, 2013;
however, you must meet certain legal requirements. If you wish
to learn more about this action or have any questions concerning
this Notice or your rights or interests with respect to these
matters, please contact Michael Goldberg, Esquire, of Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067, by telephone at (310) 201-9150 or Toll
Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or
visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com
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