The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Delaware on behalf of investors who purchased Plug Power Inc. (NASDAQ: PLUG) common stock between August 9, 2022 and March 1, 2023.
According to the filed complaint, Plug 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. As a result, defendant’s statements about the Company’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis.
If you suffered a loss in Plug you have until June 12, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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