NEW YORK, January 4, 2025 —
Rosen Law Firm, a global investor rights law firm, announces a shareholder-initiated class action lawsuit against Nextracker Inc. (NASDAQ: NXT) on behalf of those who purchased common stock between February 1, 2024 and August 1, 2024. The deadline to apply to be lead plaintiff is February 25, 2025.
Investors who bought Nextracker common stock during the specified period may be eligible for compensation under a contingency fee arrangement.
To participate in the Nextracker class action, contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email. The deadline to apply to be lead plaintiff is February 25, 2025. A lead plaintiff represents other class members in managing the litigation.
Rosen Law Firm encourages investors to choose experienced counsel. The firm highlights its extensive experience in securities class actions, boasting the largest-ever settlement against a Chinese company and top rankings from ISS Securities Class Action Services. The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019. In 2020, founding partner Laurence Rosen received recognition as a Titan of Plaintiffs’ Bar by Law360. Many firm attorneys have also received accolades from Lawdragon and Super Lawyers.
The lawsuit alleges that defendants made false and misleading statements or omissions regarding: (1) the severity of project delays’ impact; (2) the material impairment of Nextracker’s ability to convert backlog to revenue; (3) Nextracker’s inability to offset delays; (4) Nextracker’s lack of claimed competitive advantages; and (5) the lack of a reasonable basis for positive statements about the business. The lawsuit claims that investors suffered losses when these facts became public.
To join the Nextracker class action, contact Phillip Kim, Esq. toll-free at 866-767-3653 or via email.
No class has been certified. You are not represented by counsel unless you retain one. You may choose your own counsel or remain an absent class member. Participation in any potential recovery is not contingent on being the lead plaintiff.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE THE ROSEN LAW FIRM, P. A.
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