RADNOR, Pa. – January 16, 2025 (NEWMEDIAWIRE) – Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) Law Firm Discusses Securities Class Action Lawsuit Filed Against Nextracker Inc. (Nextracker) (NASDAQ) Investors were notified of this. :NXT) on behalf of those who purchased or acquired Nextracker common stock between February 1, 2024 and August 1, 2024, inclusive of 2024 (Class Period). The lead plaintiff deadline is February 25, 2025.
Contact Kessler Topaz Meltzer & Check LLP:
If you experienced a loss with Nextracker, click here or copy and paste the following into your browser: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm =r
You may also contact attorney Jonathan Naji. Call (484) 270-1453 or email info@ktmc.com.
Defendant alleged misconduct:
The complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) Nextrackers’ business, financial results, and prospects; The impact of project delays on was much more severe than has been described. Investor. (2) permitting and interconnection delays materially impaired Nextrackers’ ability to convert its backlog into revenue at historical conversion rates; (3) Nextracker was unable to offset the adverse effects of delays in the purported project with increased client demand and Defendant’s ability to pursue other projects in the manner represented; (4) Nextracker did not have the competitive advantage that would protect it from industry-wide headwinds or the ability to effectively offset the adverse effects of project delays, as Defendants assert; (5) Defendants therefore lacked a reasonable basis for making positive statements about Nextrackers’ business, financial results, and prospects.
Click here to watch the video or copy and paste this link into your browser: https://youtu.be/BNpOUt95LDU
Lead plaintiff process:
Nextracker investors may, no later than February 25, 2025, seek to be appointed lead plaintiff representative in the class action through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may take no action. You may also choose to remain an absentee class plaintiff. A lead plaintiff is a representative party acting on behalf of the entire class in directing a class action. The lead plaintiff is usually the investor or minority group of investors with the greatest economic interest and who are typical and relevant of the proposed investor class. The lead plaintiff will select attorneys to represent the lead plaintiff and class, and if approved by the court, those attorneys will become lead or class counsel. Your ability to participate in the recovery is not affected by your decision to become a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Nextracker investors who have suffered significant losses to contact the company directly for further information.
Click here to sign up for the lawsuit or visit: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r
About Kessler Topaz Meltzer & Check LLP:
Kessler Topaz Meltzer & Check, LLP litigates class actions in state and federal courts across the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: protecting investors, consumers, employees and others from fraud, abuse, fraud and negligence by companies and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
contact:
Kessler Topaz Meltzer & Check LLP
Mr. Jonathan Nagy, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, Pennsylvania 19087
info@ktmc.com
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