Skip to Main Content

Plug Power Inc. (NASDAQ: PLUG) Securities Fraud Class Action

View Complaint
COMPANY       Plug Power Inc.
COURT United States District Court for the District of Delaware
CASE NUMBER 1:23-cv-00409
JUDGE The Hon. Maryellen Noreika
CLASS PERIOD  August 9, 2022 and March 1, 2023

Case Background:

A securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Plug Power Inc. (“Plug”) common stock between August 9, 2022 and March 1, 2023, both dates inclusive (the “Class Period”).

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company’s business and operations.  Specifically, Defendants misrepresented and/or failed to disclose that the company was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues.  As a result, Defendants’ statements about the company’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis.

Current Status of Case:

On December 14, 2023, the Defendants filed a Motion to Dismiss the action.  The Motion is currently being briefed.  This action is ongoing. 

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form relating to your transactions in Plug Power Inc. (NASDAQ:  PLUG) between August 9, 2022 and March 1, 2023.

You may also contact Jonathan Naji, Esq. (484) 270-1453; or you may submit your information via email at; or you may click here to print a PDF of this form.

* Denotes required field
# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Plug Power Inc. prior to the Class Period?
Are you a current or former employee of Plug Power Inc. ?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
I agree to the KTMC disclaimer
I would like to receive new case alerts by email