#USA #New York #Class Action #Levi & Korsinsky #Plug Power

Upcoming Deadline for Plug Power Investors to Join Class Action Suit

As an investor in Plug Power Inc. (NASDAQ: PLUG), it’s essential to be aware of a pressing legal matter that could impact your investments. Levi & Korsinsky, LLP, a firm known for its expertise in securities litigation, has announced a class-action lawsuit aimed at recovering losses among investors who believe they were misled by the company’s previous claims.

Class Action Overview

The class action seeks to address grievances arising from alleged securities fraud that occurred between January 17, 2025, and November 13, 2025. Many investors have expressed concerns that they were misinformed about the company’s prospects and the veracity of its public statements during this period.

The lawsuit claims that Plug Power made several misleading representations regarding its relationships with funding sources, particularly connections involving the U.S. Department of Energy’s Loan Program. Specifically, the complaint alleges that the defendants made false statements and omissions about the availability of vital funding to the company, misleading investors about its financial health and potential growth trajectory.

The Allegations in Detail

1. Misrepresentation of Funding Potential: The lawsuit indicates that Plug Power officials may have overstated the likelihood of receiving significant monetary support through a loan facilitated by the U.S. Department of Energy.
2. Construction Capabilities: There are claims that the company concealed its inability to construct necessary hydrogen production facilities, which were particularly crucial to securing the alleged funding.
3. Business Direction: The suit suggests that due to these circumstances, Plug Power was likely to shift its business focus towards smaller projects with reduced commercial potential, contradicting investor expectations.

Your Rights as an Investor

If you suffered financial losses during the specified time frame, it is crucial to act quickly. You have until April 3, 2026, to request that the Court appoint you as a lead plaintiff. However, participating as a lead plaintiff is not a requirement to seek any compensation from this class action suit.

Levi & Korsinsky emphasizes that there are no costs associated with joining this class action if you are a class member, meaning you may be entitled to compensation without any out-of-pocket expenses. The legal team ensures no obligation exists for those wishing to participate, allowing investors to reclaim potential losses.

Contact Information

Investors wanting to learn more or join this legal action can follow the provided link for detailed information: Plug Power Lawsuit Submission Form.

Additionally, you can directly reach Joseph E. Levi, Esq., at [email protected] or call (212) 363-7500 for further assistance regarding your rights and options.

Why Choose Levi & Korsinsky?

With a well-established history of securing recoveries exceeding hundreds of millions for shareholders, Levi & Korsinsky has been recognized as one of the top securities litigation firms in the U.S. for consecutive years. With a dedicated team of over 70 professionals, they are equipped to navigate the complexities of securities law and advocate effectively for their clients.

In conclusion, if you are among those affected by the recent developments concerning Plug Power, take action now to ensure your voice is heard and your rights as an investor are protected. The deadline is imminent, so don't miss out on the opportunity to seek justice and recover your losses.