New York, New York–(Newsfile Corp. – January 11, 2025)– Why: Rosen Law Firm, a global investor rights law firm, reminds buyers of Nextracker Inc. common stock. (NASDAQ: NXT) between February 1, 2024 and August 1, 2024, inclusive of both dates (the “Class Period”), as significant February 25, 2025 Lead Plaintiff Deadline.
so what: If you purchase Nextracker common stock during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Nextracker class action, go to https://rosenlegal.com/submit-form/?case_id=32936 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must transfer Court no later than February 25, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these firms do not actually file securities class actions, but are merely brokers who refer clients or partner with the law firms that actually file the lawsuits. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement ever against a Chinese company at that time. Rosen Law Firm has been ranked #1 in the ISS Securities Class category an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) the impact of the project delays on Nextracker's business, financial results, and prospects was significantly more severe than was represented to investors; (2) permitting and interconnection delays significantly impaired Nextracker's ability to convert backlog into revenue at historical conversion rates; (3) Nextracker was unable to offset the negative impact of the project delays through increased customer demand and the purported ability to proceed with its other projects in the manner represented by Defendants; (4) Nextracker did not have the competitive advantages that allegedly protected it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays as defendants claimed; and (5) as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about Nextracker's business, financial results, and future prospects. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the Nextracker class action, go to https://rosenlegal.com/submit-form/?case_id=32936 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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