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PLUG COURT DEADLINE: Plug Power Inc. Faces Securities Fraud Allegations Over DOE Funding Issues – BFA Law Notifies Investors of the April 3 Class Action Deadline
Globenewswire· 2026-02-15 11:18
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]. Group 2: Company Background - 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]. Group 3: Allegations and Stock Performance - The lawsuit alleges that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. - Following the announcement of the CEO and President's abrupt departure on October 7, 2025, Plug Power's stock dropped by $0.26 per share, or 6.3%, from $4.13 to $3.87 [5]. - On November 10, 2025, the company announced the suspension of activities under the DOE loan program, leading to a further stock drop of $0.09 per share, or 3.4%, from $2.65 to $2.56 [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen facilities, resulting in a stock drop of $0.48 per share, or 17.6%, from $2.49 to $2.25 [7].
PLUG Investors with Losses in Excess of $100K Have Opportunity to Lead Plug Power Inc. Securities Fraud Lawsuit
Prnewswire· 2026-02-14 22:59
Core Viewpoint - Investors in Plug Power Inc. who incurred losses exceeding $100,000 during the specified class period may have the opportunity to lead a securities fraud lawsuit against the company, with a deadline for lead plaintiff applications set for April 3, 2026 [1]. Summary by Relevant Sections Class Action Details - The Rosen Law Firm is reminding investors who purchased Plug Power securities between January 17, 2025, and November 13, 2025, of their potential entitlement to compensation through a class action lawsuit [1]. - A class action lawsuit has already been filed, and interested parties must apply to serve as lead plaintiff by the specified deadline [1]. Allegations Against Plug Power - The lawsuit alleges that during the class period, defendants made false or misleading statements regarding the availability of funds from the U.S. Department of Energy's Loan and the construction of hydrogen production facilities [1]. - It is claimed that Plug Power was likely to shift towards less ambitious projects with lower commercial potential, which rendered the company's public statements materially false and misleading [1]. Law Firm Credentials - The 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 [1]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [1].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Plug Power Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
Globenewswire· 2026-02-14 17:29
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Plug Power Inc. securities between January 17, 2025, and November 13, 2025, of the April 3, 2026, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Plug Power securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [2][5] - The lawsuit alleges that defendants made false or misleading statements regarding the availability of funds from the U.S. Department of Energy and the company's project viability, leading to investor damages when the truth was revealed [4] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [3]
$PLUG Shareholder Reminder: BFA Law Notifies Plug Power Inc. Investors of the Pending Securities Fraud Class Action and Imminent April 3 Legal Deadline
TMX Newsfile· 2026-02-14 11:47
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]. Company Overview - Plug Power provides 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 in the U.S. District Court for the Northern District of New York, under the case caption Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. Allegations - The lawsuit claims that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Stock Performance - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the announcement of the abrupt departure of its CEO and President [5]. - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company suspended activities under the DOE loan program [6]. - A further drop occurred on November 14, 2025, when the stock decreased by $0.48 per share (17.6%) after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [7].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - PLUG
TMX Newsfile· 2026-02-13 21:31
New York, New York--(Newsfile Corp. - February 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. (NASDAQ: PLUG) between January 17, 2025 and November 13, 2025, inclusive (the "Class Period"), of the important April 3, 2026 lead plaintiff deadline.SO WHAT: If you purchased Plug Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...
Plug Power Stock Edges Higher As Shareholders Approve Share Increase, Avoid Reverse Split
Benzinga· 2026-02-13 14:38
Plug Power stock is building positive momentum. What’s driving PLUG shares up?Capital Flexibility, Strategic GrowthFor shareholders, the vote is about more than mechanics. Plug is racing to fund fuel-cell plants, expand hydrogen production and serve industrial and data-center customers. Extra shares give management flexibility to raise cash in smaller, staged offerings instead of being pushed into a reverse split that could have scared off institutions and increased volatility.What Investors Will Watch Next ...
Plug Power Inc. (NASDAQ:PLUG) Accused of Misleading Investors in Securities Fraud Class Action – BFA Law Reminds Investors of April 3 Court Deadline
Globenewswire· 2026-02-13 12:07
NEW YORK, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Plug Power Inc. (NASDAQ:PLUG) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Plug Power, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/plug-power-class-action-law ...
PLUG SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Plug Power, Inc. Investors - Contact Kirby McInerney LLP by April 3, 2026
Globenewswire· 2026-02-12 23:00
NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased Plug Power, Inc. (“Plug Power” or the “Company”) (NASDAQ:PLUG) securities to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost. If you suffered a loss on your Plug Power investments, you have until April 3, 2026 to request lead plaintiff appointment. Co ...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 3, 2026 in Plug Power Inc. Lawsuit – PLUG
Globenewswire· 2026-02-12 22:00
NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Plug Power Inc. ("Plug Power" or the "Company") (NASDAQ: PLUG) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Plug Power investors who were adversely affected by alleged securities fraud between January 17, 2025 and November 13, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/plug-power-lawsuit- ...
Pomerantz Law Firm Announces the Filing of a Class Action Against Plug Power Inc. and Certain Officers - PLUG
Prnewswire· 2026-02-12 21:02
NEW YORK, Feb. 12, 2026 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Plug Power Inc. ("Plug Power" or the "Company") (NASDAQ: PLUG) and certain officers. The class action, filed in the United States District Court for the Northern District of New York, and docketed under 26-cv-00165, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Plug Power securities between January 17, 2025 and November ...