Contact Kessler Topaz Meltzer & Check, LLP About the Securities Fraud Class Action Filed by Investing.com Against Nextracker Inc. (NXT)
RADNOR, PA–(NewMediaWire)–January 4, 2025– The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that Nextracker Inc. (Nextracker) (NASDAQ) securities class action filed : NXT) on behalf of those who purchased or otherwise acquired Nextracker common stock between February 1, 2024 and August 1, 2024 inclusive (Class Period). The deadline for the chief prosecutor is February 25, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have suffered losses on Nextracker, you can 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, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
ALLEGED MISCONDUCT OF THE ACCUSED:
The complaint alleges that during the Lecture Period, the defendants made false and/or misleading statements and/or failed to disclose the following: (1) the impact of the project delay on Nextrackers’ business, financial results and prospects was more serious than represented to investors; (2) delays in permitting and interconnection have significantly impaired Nextrackers’ ability to convert backlog into revenue at historical conversion rates; (3) Nextracker was unable to neutralize the adverse effect of project delays through increased client demand and an alleged ability to withdraw its other projects in the manner represented by Defendants; (4) Nextracker did not possess the competitive advantages allegedly protecting it from industry-wide headwinds or the ability to effectively neutralize the adverse effects of project delays as alleged by defendants; and (5) consequently, the defendants had no reasonable basis for their positive statements about the business, financial results and prospects of Nextrackers.
PROCEDURE OF THE CHIEF PROSECUTOR:
Investors in Nextracker may, no later than February 25, 2025, request to be appointed lead plaintiff, class representative through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. The lead plaintiff is the representative party that acts on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and those attorneys, if approved by the court, are lead or class counsel. The decision whether or not to be the lead claimant does not affect your ability to participate in the recovery.
Kessler Topaz Meltzer & Check, LLP encourages Nextracker investors who have suffered significant losses to contact the company directly for more information.
CLICK HERE TO APPLY FOR A CASE 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 nationwide and around the world. The company has built a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The appeal in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
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