(English) Array Technologies, Inc.
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Array Technologies, Inc. – ARRY
New York, N.Y., May 21, 2021. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Array Technologies, Inc. (NASDAQ: ARRY) (1) purchased or otherwise acquired Array securities between October 14, 2020 and May 11, 2021, inclusive (the “Class Period”); and/or (2) purchased or otherwise acquired Array common stock pursuant and/or traceable to: (i) the registration statement and prospectus issued in connection with the Company’s October 2020 initial public offering (the “IPO”); or (ii) the registration statement and prospectus issued in connection with the Company’s December 2020 offering (the “December 2020 SPO”); or (iii) the registration statement and prospectus issued in connection with the Company’s March 2021 offering (the “March 2021 SPO”); or (iii) any combination of the IPO, December 2020 SPO, or March 2021 SPO.
To join the ARRY class action, go to http://zhanginvestorlaw.com/cases/array-technologies-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, throughout the Class Period the then-existing rise of costs related to certain supplies such as steel, as well as the Company’s freight costs, and that these were likely to have, and were having, an adverse effect on the Company’s business and operations. The complaint also alleges that defendants made materially false and/or misleading statements in press releases and conference calls because defendants omitted and otherwise failed to disclose that dating back to Q1 2020, prices of certain commodities such as steel were increasing dramatically, and that Array was facing increasing freight costs, and as a result of the foregoing, the Company’s positive statements about its business and operations lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 13, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/array-technologies-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.