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Deadline Alert: Plug Power, Inc. (PLUG) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit
Businesswire· 2026-02-12 18:41
Core Viewpoint - The article highlights the upcoming deadline of April 3, 2026, for investors to file a lead plaintiff motion in a class action lawsuit concerning Plug Power, Inc. securities purchased between January 17, 2025, and November 13, 2025 [1] Group 1 - The class action is filed on behalf of investors who acquired Plug Power, Inc. securities during the specified class period [1] - Investors who suffered losses on their Plug Power investments are encouraged to inquire about potentially pursuing the case [1]
PLUG Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Plug Power Inc. Class Action
Globenewswire· 2026-02-12 17:14
Core Viewpoint - A class action has been filed against Plug Power Inc. for allegedly misleading investors regarding its ability to secure and utilize a $1.66 billion loan from the U.S. Department of Energy (DOE) [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Plug Power overstated the likelihood of receiving funds from the DOE Loan and the construction of necessary hydrogen production facilities [3]. - On November 10, 2025, Plug Power reported financial results indicating a shift in focus, leading to a suspension of activities under the DOE loan program, which resulted in a stock price drop of $0.09 per share, or 3.39%, closing at $2.53 [4]. - Following a report on November 13, 2025, confirming the suspension of plans to construct hydrogen facilities, Plug Power's stock fell by $0.48 per share, or 17.58%, closing at $2.25 [5]. Group 2: Class Action Participation - Shareholders interested in participating as lead plaintiffs must file by April 3, 2026, but can remain absent class members without taking action [6].
Plug Power Class Action: Plug Power Inc. ($PLUG) Investors are Notified of the Pending Securities Fraud Lawsuit and to Contact BFA before the Upcoming April 3 Legal Deadline
TMX Newsfile· 2026-02-12 11:17
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and its senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - Investors have until April 3, 2026, to request to lead the case, which is pending in the U.S. District Court for the Northern District of New York, captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. Financial Impact - Plug Power announced a $1.66 billion loan guarantee from the U.S. Department of Energy to finance the construction of hydrogen production projects, but allegedly overstated the likelihood of receiving these funds [4]. - The stock price dropped significantly following key announcements: - On October 7, 2025, the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha led to a 6.3% drop, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the suspension of activities under the DOE loan program caused a 3.4% drop, from $2.65 to $2.56 per share [6]. - On November 14, 2025, confirmation of the suspension of plans to construct hydrogen facilities resulted in a 17.6% drop, from $2.49 to $2.25 per share [7].
Plug Power Accelerates Reconvened Session of Special Meeting of Stockholders to Thursday, February 12, 2026
Globenewswire· 2026-02-11 22:22
Core Viewpoint - Plug Power Inc. is accelerating the date of its reconvened Special Meeting of Stockholders to February 12, 2026, at 4:00 p.m. Eastern Time, from the previously scheduled date of February 17, 2026 [1] Group 1 - Stockholders of record as of December 12, 2025, are eligible to participate in the virtual meeting, where they can vote and submit questions in real time [2] - Participants must have their 16-digit control number from their proxy materials to access the meeting [2] Group 2 - Plug Power has filed a definitive proxy statement and other relevant documents with the U.S. Securities and Exchange Commission (SEC) regarding the Special Meeting, urging investors to read these documents carefully [3] - Stockholders can obtain copies of these documents free of charge at the SEC's website or on Plug's website [3] Group 3 - The Company and its directors and executive officers may be considered participants in the solicitation of proxies from stockholders in connection with the Special Meeting [4] - Information about the Company's directors and executive officers, including their stock ownership, is available in the definitive proxy statement filed with the SEC [4] Group 4 - Media contact information is provided for inquiries related to the meeting, including a virtual meeting link and dial-in access numbers [5]
ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
Globenewswire· 2026-02-11 22:12
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Plug Power Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's disclosures and financial statements [1][5]. Group 1: Class Action Details - The class action lawsuit is for purchasers of Plug Power securities between January 17, 2025, and November 13, 2025 [1]. - Investors who purchased securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by April 3, 2026, to represent other class members in the litigation [3]. Group 2: Allegations Against Plug Power - The lawsuit alleges that defendants made false and misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the construction of hydrogen production facilities [5]. - It is claimed that Plug Power was likely to pivot towards less ambitious projects with lower commercial potential, contradicting earlier public statements [5]. - The lawsuit asserts that these misleading statements resulted in investor damages when the true information became public [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].
April 3, 2026 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against PLUG
Globenewswire· 2026-02-11 22:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Plug Power Inc. regarding a class action lawsuit due to alleged misleading statements made by the company during a specified class period [1][3]. Group 1: Class Action Details - The class period for the lawsuit is from January 17, 2025, to November 13, 2025 [3]. - Allegations include that Plug Power overstated the likelihood of receiving funds from the U.S. Department of Energy's Loan Program and failed to disclose the potential pivot to less lucrative projects [3]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by April 3, 2026, to potentially become lead plaintiffs [4]. - Registration allows shareholders to receive updates on the case through portfolio monitoring software [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors from deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
Deadline Approaching: Plug Power, Inc. (PLUG) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2026-02-11 18:12
Core Viewpoint - The article highlights the upcoming deadline of April 3, 2026, for investors to file a lead plaintiff motion in a case concerning Plug Power, Inc. (NASDAQ: PLUG) for securities purchased between January 17, 2025, and November 13, 2025, indicating potential legal actions for investors who suffered losses during this period [1]. Group 1 - The law offices of Howard G. Smith are reminding investors about the deadline to participate in the legal case [1]. - The class period for the securities in question is specified as between January 17, 2025, and November 13, 2025 [1]. - Investors who experienced losses in Plug Power, Inc. are encouraged to contact the law offices for participation [1].
PLUG SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Plug Power (PLUG) Investors of Securities Class Action Deadline on April 3, 2026
Prnewswire· 2026-02-11 14:10
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Plug Power Inc. for alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status by April 3, 2026 [1][2] Summary by Relevant Sections Allegations Against Plug Power - The complaint alleges that Plug Power and its executives made false and misleading statements regarding the availability of funds from the DOE Loan and the construction of hydrogen production facilities [1][2] - It is claimed that the company overstated the likelihood of receiving DOE funds and that it would pivot to less ambitious projects, making public statements materially false and misleading [1][2] Executive Departures - On October 7, 2025, Plug Power announced the resignation of CEO Andrew Marsh and President Sanjay Shrestha, with Chief Revenue Officer Jose Luis Crespo appointed to both roles [1][2] - The abrupt departure of these executives occurred just one month before the expected release of the company's financial results, negatively impacting investor sentiment [1][2] Financial Results and Market Reaction - On November 10, 2025, Plug Power reported financial results for Q3 2025, announcing an expected liquidity of over $275 million after signing a nonbinding letter of intent to monetize electricity rights [1][2] - The company also stated it would suspend activities under the DOE loan program, which was a significant shift from previous guidance, leading to a stock price drop of $0.09 per share, or 3.39%, to close at $2.53 on November 11, 2025 [1][2] Suspension of Hydrogen Production Plans - On November 13, 2025, it was reported that Plug Power confirmed the suspension of plans to construct six hydrogen production facilities, jeopardizing a $1.66 billion DOE Loan [1][2] - Following this news, Plug Power's stock price fell by $0.48 per share, or 17.58%, over the next two trading sessions, closing at $2.25 on November 14, 2025 [1][2]
Shareholders of Plug Power Inc. Should Contact Levi & Korsinsky Before April 3, 2026 to Discuss Your Rights - PLUG
Prnewswire· 2026-02-11 14:00
Group 1 - The article discusses a class action securities lawsuit against Plug Power Inc. for alleged securities fraud occurring between January 17, 2025, and November 13, 2025 [1] - The lawsuit claims that Plug Power's management made false statements regarding the availability of funds from the U.S. Department of Energy's Loan Program and the company's ability to construct necessary hydrogen production facilities [1] - It is alleged that these misrepresentations led to a pivot towards less ambitious projects, impacting the company's commercial prospects [1] Group 2 - Investors affected by the alleged fraud have until April 3, 2026, to request to be appointed as lead plaintiff in the case [1] - Participation in the lawsuit does not require any out-of-pocket costs for class members, as compensation may be available without fees [1] - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [1]
PLUG Stock Drop: Plug Power Inc. Stock Plummets 17% after DOE Funding Issues Revealed – Investors with Losses Notified to Contact BFA Law before April 3 Court Deadline
Globenewswire· 2026-02-11 12:10
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case [3]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Plug Power securities [3]. Group 2: Company Background - Plug Power provides hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets and develops infrastructure such as hydrogen production plants [4]. - The company announced a "closed a $1.66 billion loan guarantee" from the U.S. Department of Energy to finance the construction of hydrogen production projects [4]. Group 3: Stock Performance and Events - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the company announced the suspension of activities under the DOE loan program, leading to a stock drop of $0.09 per share (3.4%), from $2.65 to $2.56 per share [6]. - On November 13, 2025, it was reported that Plug Power confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock drop of $0.48 per share (17.6%), from $2.49 to $2.25 per share [7].