Wednesday's close marked the end of the May trading month. "People are taking whatever profits they can ahead of the vote tonight." "Some investors are worried that the high-decibel, dissenting fringes might end up causing this vote to fail and require some adjustments before it ends up passing," Stovall said. Once a bill is approved, he said market participants will shift focus to the June Federal Reserve policy meeting. would default, but investors are wondering if more changes and time are needed before an official agreement can be reached. Sam Stovall, chief investment strategist at CFRA Research, said a debt ceiling deal will likely pass before the U.S. Patrick McHenry, a GOP negotiator on the debt deal, on CNBC's "Squawk Box" Wednesday morning. "I think we have the votes to pass this today," said Rep. The floor vote is expected to take place Wednesday evening. The deal, which was reached over the weekend by President Joe Biden and House Speaker Kevin McCarthy, cleared a major test Tuesday night after advancing to the House floor following a 7-6 vote in the House Rules Committee. The Nasdaq Composite slipped 0.63%, finishing at 12,935.29. The Dow Jones Industrial Average traded 134.51 points lower, or 0.41%, to end at 32,908.27. Stocks fell Wednesday as investors kept an eye on the federal debt ceiling debate in Washington in the final trading day of May. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Prior results do not guarantee a similar outcome.Best Debt Consolidation Loans for Bad Credit An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.įollow us for updates on LinkedIn:, on Twitter: or on Facebook. You may also remain an absent class member and do nothing at this point. Until a class is certified, you are not represented by counsel unless you retain one. toll-free at 86 or email or for information on the class action. To join the Plug Power class action, go to or call Phillip Kim, Esq. When the true details entered the market, the lawsuit claims that investors suffered damages. As a result, defendants' statements about Plug Power's business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.ĭETAILS OF THE CASE: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug's business and operations. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. In 2019 alone the firm secured over $438 million for investors. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A class action lawsuit has already been filed. WHAT TO DO NEXT: To join the Plug Power class action, go to or call Phillip Kim, Esq. SO WHAT: If you purchased Plug Power 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. (NASDAQ: PLUG) between Augand March 1, 2023, both dates inclusive (the "Class Period") of the important Jlead plaintiff deadline. May 26, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc.
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