RADNOR, PA – (NewMediaWire) – January 4, 2025 – The regulation agency of Kessler Topaz Meltzer & Examine, LLP (www.ktmc.com) informs buyers {that a} securities class motion lawsuit has been towards Nextracker Inc. (Nextracker) (NASDAQ: NXT) on behalf of those that bought or in any other case acquired Nextracker frequent inventory between February 1, 2024, and August 1, 2024, inclusive (the Class Interval). The lead plaintiff deadline is February 25, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you happen to suffered Nextracker losses, it’s possible you’ll CLICK HERE or copy and paste the next in your browser: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r
You can too contact legal professional Jonathan Naji, Esq. by calling (484) 270-1453 or by e mail at data@ktmc.com .
DEFENDANTS ALLEGED MISCONDUCT:
The grievance alleges that, all through the Class Interval, Defendants made false and/or deceptive statements and/or did not disclose that: (1) the affect of challenge delays on Nextrackers enterprise, monetary outcomes, and prospects was much more extreme than represented to buyers; (2) allowing and interconnection delays had materially impaired Nextrackers capability to transform backlog into income at historic conversion charges; (3) Nextracker had been unable to offset the detrimental affect from challenge delays by way of elevated consumer demand and the purported capability to drag ahead its different tasks within the method represented by Defendants; (4) Nextracker didn’t possess the aggressive benefits which purportedly shielded it from industry-wide headwinds or the power to successfully offset the hostile results of challenge delays as claimed by Defendants; and (5) consequently, Defendants lacked an affordable foundation for his or her constructive statements about Nextrackers enterprise, monetary outcomes, and prospects.
THE LEAD PLAINTIFF PROCESS:
Nextracker buyers could, no later than February 25, 2025, search to be appointed as a lead plaintiff consultant of the category by way of Kessler Topaz Meltzer & Examine, LLP or different counsel, or could select to do nothing and stay an absent class member. A lead plaintiff is a consultant occasion who acts on behalf of all class members in directing the litigation. The lead plaintiff is normally the investor or small group of buyers who’ve the most important monetary curiosity and who’re additionally ample and typical of the proposed class of buyers. The lead plaintiff selects counsel to signify the lead plaintiff and the category and these attorneys, if accepted by the courtroom, are lead or class counsel. Your capability to share in any restoration is just not affected by the choice of whether or not or to not function a lead plaintiff.
Kessler Topaz Meltzer & Examine, LLP encourages Nextracker buyers who’ve suffered important losses to contact the agency immediately to accumulate extra info.
CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Examine, LLP prosecutes class actions in state and federal courts all through the nation and all over the world. The agency has developed a worldwide repute for excellence and has recovered billions of {dollars} for victims of fraud and different company misconduct. All of our work is pushed by a typical objective: to guard buyers, shoppers, workers and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The grievance on this motion was not filed by Kessler Topaz Meltzer & Examine, LLP. For extra details about Kessler Topaz Meltzer & Examine, LLP please go to www.ktmc.com .
CONTACT:
Kessler Topaz Meltzer & Examine, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Highway
Radnor, PA 19087
data@ktmc.com
Could also be thought of legal professional promoting in sure jurisdictions. Previous outcomes don’t assure future outcomes.
Copyright 2025 JCN Newswire . All rights reserved.
