An investigation on behalf of current long term investors in Plug Power Inc. (NASDAQ:PLUG) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/15/2023 -- An investigation was announced for long-term investors in shares of Plug Power Inc. (NASDAQ: PLUG) concerning potential breaches of fiduciary duties by certain directors of Plug Power Inc.
Investors who are current long term investors in Plug Power Inc. (NASDAQ: PLUG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PLUG stocks follows a lawsuit filed against Plug Power Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in Plug Power Inc. (NASDAQ: PLUG) stocks, concerns whether certain Plug Power Inc. officers and directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants misrepresented and/or failed to disclose that Plug Power Inc 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, and that as a result, Defendants' statements about the company's business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis.
Those who purchased shares of Plug Power Inc. (NASDAQ: PLUG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.