New York, New York -(Newsfile Corp. -January 25, 2025) – Why: Rosen Law Firm, a global investor law firm, reminds purchasers of Nextracker Inc. common stock. February 25, 2025 Lead Plaintiff Deadline.
so what: If you purchased 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 call Phillip Kim, Esq. Toll-Free at 866-767-3653 or email case@rosenlegal.com for information about the class action. The class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move Court no later than February 25, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select a qualified attorney with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources or any meaningful recognition of the decision. Many of these firms do not actually prosecute securities class actions, but are merely brokers who refer clients or partner with law firms that actually prosecute cases. Be wise in choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities an act (WA:) services a number of securities class action settlements in 2017. The firm has been ranked in the top four 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 of Paintiffs'. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, during the Class Period, Defendants made false statements and/or failed to disclose: (1) the impact of the project delay on Nextracker's business, financial results, and prospects was more severe than the representatives had to investors; (2) the disclosure and delays resulted in a material impairment of Nextracker's ability to convert backlog into revenue at historical conversion rates; (3) Nextracker was unable to offset the adverse impact of project delays through increased customer demand and the purported ability to move forward 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 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 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 call Phillip Kim, Esq. Toll-Free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
No chapter has been approved. Until a class is certified, you are not represented by an attorney unless you retain one. You can select the attorney of your choice. You may 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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