New York, New York–(Newsfile Corp. – January 9, 2025) – WHY: The Rosen Law Firm, a global investor rights law firm, is reminding clients of Nextracker Inc.'s common stock. (NASDAQ: NXT) between February 1, 2024 and August 1, 2024, both dates inclusive (the “Class Period”), for material purposes. February 25, 2025 is the plaintiff's deadline.
AND THEN: If you purchased Nextracker common stock during the Class Period you may be entitled to a refund without payment of any out-of-pocket costs or expenses through a contingency fee arrangement.
NEXT TO DO: To join the Nextracker class action, go to https://rosenlegal.com/submit-form/?case_id=32936 or call Phillip Kim, Esq. call toll free at 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 act as a lead plaintiff, you must remove it Court no later than February 25, 2025. The lead plaintiff is the party that represents the other class members in managing the lawsuit.
WHY THE LAW CAME OUT: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often times, the firms issuing the notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these companies don't really need security practices, but are middlemen who refer clients or partners to law firms that litigate cases. Be wise in choosing counsel. The Rosen Law Firm represents investors worldwide, focusing its practice on securities class actions and shareholder litigation. The Rosen Law Firm won the largest action ever awarded to a Chinese Company at that time. The Rosen Law Firm was ranked Level 1 by ISS Securities Action (WA:) Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has received hundreds of millions of dollars from investors. In 2019 alone the company secured over $438 million from investors. In 2020, founding partner Laurence Rosen was named by Law360 as a Titan of the Spot Bar. Many of the firm's lawyers are accredited by Lawdragon and Top Lawyers.
CREDIT DETAILS: According to the lawsuit, throughout the Class Period, the defendants made false and misleading statements and/or failed to disclose that: (1) the impact of project delays on Nextracker's business, financial results, and prospects was more severe than represented to investors; (2) consent and communication delays have significantly impeded Nextracker's ability to convert backlogs into revenue at historical conversion rates; (3) Nextracker was unable to offset the negative impact of the project's delays through increased client demands and the proposed ability to advance other projects in the manner represented by defendants; (4) Nextracker did not have competitive advantages that would insulate it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays as defendants claim; and (5) because of the foregoing, defendants lacked a reasonable basis for their positive statements about Nextracker's business, financial results, and prospects. When true information enters the market, the lawsuit claims that investors suffer damages.
To join the Nextracker class action, go to https://rosenlegal.com/submit-form/?case_id=32936 or call Phillip Kim, Esq. call toll free at 866-767-3653 or email case@rosenlegal.com for information about the class action.
No Class is guaranteed. Until the class is confirmed, you are not represented by counsel unless you have retained one. You can choose the advice of your choice. You can remain a member of the missing class and do nothing for now. The investor's ability to share in any future recovery is not dependent on serving as the lead plaintiff.
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Marketing Lawyer. Previous results do not confirm the same result.
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