Plug Power Inc (PLUG)

[canadajim]

Delayed reporting results in potential lawsuit

Perhaps the February 26th/March 17th hatchet job on the reporting of the financial results did not raise too many eyebrows, but the filing of the NT 10-K to Edgar advising of the missed deadline for the 10-K filing has.

The law firm Pomerantz LLP is investigating claims on behalf of shareholders of potential violations of the Securities Exchange Act of 1934.

I don't know if this is an exercise in frivolity or something that we should sit up and take notice of, but it certainly is in no way beneficial to PLUG.

The investigation concerns whether Plug Power and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

The full press release is available at :

http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-plug-power-inc--plug-300044654.html