NASDAQ: ARRY

Array Technologies, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Array Technologies, Inc. (NASDAQ: ARRY) who: (1) purchased or otherwise acquired Array securities between October 14, 2020 and May 11, 2021, inclusive (the “Class Period”); and/or (2) purchased or otherwise acquired Array common stock pursuant and/or traceable to: (i) the registration statement and prospectus issued in connection with the Company’s October 2020 initial public offering (the “IPO”); or (ii) the registration statement and prospectus issued in connection with the Company’s December 2020 offering (the “December 2020 SPO”); or (iii) the registration statement and prospectus issued in connection with the Company’s March 2021 offering (the “March 2021 SPO”); or (iv) any combination of the IPO, December 2020 SPO, or March 2021 SPO. If you wish to serve as lead plaintiff, you must move the Court no later than July 13, 2021.

If you purchased Array securities 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.

案件详情:

According to the lawsuit, the offering documents and defendants made false and/or misleading statements and/or failed to adequately disclose the then-existing rise of costs related to certain supplies such as steel, as well as Array’s freight costs, and that these were likely to have, and were having, an adverse effect on Array’s business and operations. The complaint also alleges that defendants made materially false and/or misleading statements in press releases and conference calls because defendants omitted and otherwise failed to disclose that dating back to Q1 2020, prices of certain commodities such as steel were increasing dramatically, and that Array was facing increasing freight costs, and as a result of the foregoing, the Company’s positive statements about its business and operations lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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