SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Plug Power Inc. (NASDAQ:PLUG) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact the firm's attorneys.
Class Period: May 9, 2023 – Jan. 16, 2024
Lead Plaintiff Deadline: May 21, 2024
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Plug Power Inc. (NASDAQ:PLUG) Securities Fraud Class Action:
The litigation challenges Plug Power's assurances that its buildout and construction of its green hydrogen production plants was "on track" and that it identified multiple non-dilutive opportunities to continue funding its operations.
The complaint alleges Plug Power made misleading statements and failed to disclose that: (1) Plug overstated its ability and efforts to mitigate the negative impacts that supply chain constraints and material shortages could and were having on its hydrogen business, as well as the sufficiency of its cash and capital to fund its operations; (2) ...
PLUG) Faces Securities Fraud Class Action for Concealing its 2023 Liquidity Problems - Hagens Berman>Full story available on Benzinga.com