Radnor, Pennsylvania–(Newsfile Corp. – January 25, 2025) – The regulation agency of Kessler Topaz Meltzer & Test, LLP (www.ktmc.com) informs traders {that a} securities class motion lawsuit has been filed in opposition to 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 Period”). The lead plaintiff deadline is February 25, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
Should you suffered Nextracker losses, you could CLICK HERE or copy and paste the next in your browser: https://www.ktmc.com/new-cases/nextracker-inc?utm_campaign=nxt&mktm=r
It’s also possible to contact lawyer Jonathan Naji, Esq. by calling (484) 270-1453 or by electronic mail at data@ktmc.com.
DEFENDANTS’ ALLEGED MISCONDUCT:
The criticism 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 Nextracker’s enterprise, monetary outcomes, and prospects was much more extreme than represented to traders; (2) allowing and interconnection delays had materially impaired Nextracker’s capability to transform backlog into income at historic conversion charges; (3) Nextracker had been unable to offset the damaging affect from challenge delays via 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 opposed results of challenge delays as claimed by Defendants; and (5) consequently, Defendants lacked an affordable foundation for his or her constructive statements about Nextracker’s enterprise, monetary outcomes, and prospects.
Please CLICK HERE to view our video or copy and paste this hyperlink into your browser: https://youtu.be/BNpOUt95LDU
THE LEAD PLAINTIFF PROCESS:
Nextracker traders could, no later than February 25, 2025, search to be appointed as a lead plaintiff consultant of the category via Kessler Topaz Meltzer & Test, LLP or different counsel, or could select to do nothing and stay an absent class member. A lead plaintiff is a consultant celebration who acts on behalf of all class members in directing the litigation. The lead plaintiff is often the investor or small group of traders who’ve the biggest monetary curiosity and who’re additionally satisfactory and typical of the proposed class of traders. The lead plaintiff selects counsel to signify the lead plaintiff and the category and these attorneys, if permitted 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 & Test, LLP encourages Nextracker traders who’ve suffered important losses to contact the agency instantly to amass extra data.
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 & Test, LLP prosecutes class actions in state and federal courts all through the nation and around the globe. The agency has developed a worldwide fame for excellence and has recovered billions of {dollars} for victims of fraud and different company misconduct. All of our work is pushed by a standard objective: to guard traders, shoppers, staff and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The criticism on this motion was not filed by Kessler Topaz Meltzer & Test, LLP. For extra details about Kessler Topaz Meltzer & Test, LLP please go to www.ktmc.com.
Could also be thought-about lawyer promoting in sure jurisdictions. Previous outcomes don’t assure future outcomes.
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