PTRA - Pomerantz Law Firm Announces the Filing of a Class Action Against Proterra Inc. and Certain Officers – PTRA | Benzinga
NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Proterra Inc. ("Proterra" or the "Company") (NASDAQ:PTRA) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 23-cv-04528, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Proterra securities between August 11, 2021 and August 7, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Proterra securities during the Class Period, you have until September 12, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Proterra designs and manufactures zero-emission electric transit vehicles and electric vehicle ("EV") solutions for commercial applications. Following its merger with ArcLight Clean Transition Corp. ("ArcLight"), Proterra billed itself to investors as a promising, market-leader ...