An investigation specifically for investors in (NYSE:AT) shares who purchased shares Atlantic Power Corp in July or August of 2010 announced and those NYSE:AT stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 04/01/2013 -- An investigation specifically for investors in shares Atlantic Power Corp (NYSE:AT) shares, who purchased their NYSE:AT in July or August 2010, over potential securities laws violations was announced.
Investors who purchased shares of Atlantic Power Corp (NYSE:AT) in July or August 2010, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on special claims on behalf of purchasers of the securities of Atlantic Power Corp (NYSE:AT) in July or August 2010.
An investor recently filed a lawsuit in the U.S. District Court for the District of Massachusetts against Atlantic Power Corp. The plaintiff alleges that Atlantic Power Corp and its President and Chief Executive Officer violated the Securities Exchange Act of 1934 by issuing between August 8, 2012 and February 28, 2013 allegedly materially false and misleading statements regarding Atlantic Power Corp's common stock dividend in 2012 and 2013. Specifically, the plaintiff claims that the sustainability of Atlantic Power Corp's stock dividend was regarded by the Company as one of its corporate objectives and between August 8, 2012 and February 28, 2013 on numerous occasions defendants stated they were studying cash flows and the sustainability of a dividend.
However, on Feb. 28, 2013, Atlantic Power Corp reported its fourth quarter and Year End 2012 results. Among other things Atlantic Power Corp also issued its 2013 guidance and announced a dividend reduction.
Shares of Atlantic Power Corp declined from $10.26 on Feb. 28, 2013 to as low as $4.56 on March 26, 2013.
Those who purchased shares of Atlantic Power Corp (NYSE:AT) in July or August 2010, have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego