Plug Power(US:PLUG) Prnewswire·2026-02-06 13:49Core Viewpoint - The complaint against Plug Power alleges that the company and its executives violated federal securities laws by making false or misleading statements regarding the availability of funds from the DOE Loan and the company's project plans [2] Group 1: Allegations Against Plug Power - The complaint claims that defendants overstated the likelihood that funds from the DOE Loan would be available to Plug Power [2] - It is alleged that Plug Power may pivot towards less ambitious projects with lower commercial potential [2] - The company's public statements are described as materially false and misleading throughout the relevant period [2] Group 2: Legal Proceedings - The lead plaintiff in the case is the investor with the largest financial interest in the relief sought and is representative of the class members [3] - Any member of the class can apply to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [3] Group 3: Call for Information - The law firm Faruqi & Faruqi encourages individuals with information regarding Plug Power's conduct to come forward, including whistleblowers and former employees [4]