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The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Plug Power Inc.(PLUG) Shareholders
Globenewswire· 2026-02-18 21:43
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 period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from January 17, 2025, to November 13, 2025, Plug Power made materially false and misleading statements [3]. - It is claimed that the defendants overstated the likelihood of receiving funds from the U.S. Department of Energy's Loan Program and the construction of necessary hydrogen production facilities [3]. - The allegations suggest that Plug Power may pivot towards less ambitious projects with lower commercial potential, indicating that public statements were misleading [3]. Group 2: Class Action Details - Shareholders who purchased shares of Plug Power during the class period are encouraged to register for the class action, with a deadline set for April 3, 2026 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].