Johnson Fistel, LLP Initiates Class Action Lawsuit Against Nextracker Inc., Urging Investors to Claim Losses
SAN DIEGO — Investors who bought shares in Nextracker Inc. (NASDAQ: NXT) between February 1, 2024, and August 1, 2024, now face a critical deadline. They have until February 25, 2025, to join a class action lawsuit spearheaded by Johnson Fistel, LLP, which aims to compensate shareholders for losses incurred due to alleged misleading statements by the company. The class action asserts that Nextracker, along with certain executives, misrepresented the impacts of project delays on the company’s financial health and operational capabilities. These delays, according to the lawsuit, were not accurately reflected in the company’s … Read more