#USA #Class Action #New Orleans #Kahn Swick #Nextracker Inc.

Nextracker Class Action Reminder for Investors

In a pivotal update for investors, Kahn Swick & Foti, LLC (KSF), represented by former Louisiana Attorney General Charles C. Foti, Jr., is issuing a crucial reminder about the impending deadline for a class action lawsuit against Nextracker Inc. For those who invested during the class period from February 1, 2024, to August 1, 2024, it is essential to be aware that applications to become the lead plaintiff must be submitted by February 25, 2025.

This lawsuit concerns allegations that Nextracker and certain executives failed to disclose significant material information which misled shareholders and resulted in substantial losses. If you purchased shares of Nextracker during the aforementioned class period, you could be directly affected by this legal action.

Background of the Lawsuit

The legal proceedings are currently taking place in the United States District Court for the Northern District of California under the case title Weber v. Nextracker Inc., No. 24-cv-09467. Following a disappointing earnings announcement on August 1, 2024, which highlighted a revenue decline from $737 million in Q4 of 2024 down to $720 million in Q1 of 2025, the company's share price dropped significantly. This decline was starkly evident as Nextracker’s shares fell around 15% over the following two days, a clear indication of the market's reaction to what many investors viewed as shocking financial disclosures.

The lawsuit claims that the company and its executives engaged in practices violating federal securities laws by not disclosing crucial financial details that could have impacted share prices and investor decisions. This level of negligence can often lead to serious repercussions not just for the company but also for its investors, who deserve transparency and accountability.

Steps for Investors

For those seeking to understand their potential claims and rights to recover suffered economic losses, KSF invites stakeholders to seek advice. The firm emphasizes that reaching out for consultation can be done without any obligation or cost. Interested parties can contact KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at email protected]. Furthermore, details regarding the lawsuit and how to apply to serve as a lead plaintiff can be found on the Kahn Swick & Foti website at: [https://www.ksfcounsel.com/cases/nasdaqgs-nxt/.

About Kahn Swick & Foti, LLC

KSF stands as one of the premier boutique securities litigation law firms in the nation. They cater to a diverse array of clients, including retail investors, hedge funds, and institutional investors, all of whom seek to regain their investment losses stemming from corporate malfeasance. With offices spread across strategic locations including New York, Delaware, California, Louisiana, Chicago, and New Jersey, KSF is equipped to handle complex cases involving company fraud.

Investors should act promptly to ensure their rights are protected and to potentially recover losses incurred due to alleged misconduct by Nextracker and its management. As the court deadline rapidly approaches, it’s critical to consider the opportunity to take proactive steps before time runs out.

For more information about KSF and their services, visit www.ksfcounsel.com.