Plug Power(US:PLUG) TMX Newsfile·2026-02-08 02:36Core 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 for the company related to misleading statements made by its management [1][5]. Group 1: Class Action Details - The class action lawsuit is on behalf of investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must be appointed by April 3, 2026, to represent the class in the litigation [1][3]. Group 2: Allegations Against Plug Power - The lawsuit claims that Plug Power's management made false and misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the company's ability to construct necessary hydrogen production facilities [5]. - It is alleged that these misstatements led to an overestimation of the company's prospects, suggesting a pivot towards less commercially viable projects [5]. - The lawsuit asserts that when the true information became public, investors suffered damages due to the misleading nature of Plug Power's public statements [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing shareholder interests [4].