Class Action Lawsuit Filed on Behalf of Ballard Power Systems Inc. Shareholders who Purchased Ballard Power Securities Between September 30, 2016, and January 25, 2018, Both Dates Inclusive
Kehoe Law Firm, P.C. continues its investigation on behalf of BLDP stock shareholders. BLDP investors should be aware that a class action lawsuit has been filed against Ballard Power Systems, Inc. (NASDAQ: BLDP) and certain of its officers in United States District Court, Southern District of New York, on behalf of a class consisting of investors who purchased, or otherwise acquired, Ballard Power securities, to try to recover damages caused by the Ballard Power Defendants’ alleged violations of the federal securities laws.
According to the lawsuit, the Ballard Defendants, throughout the September 30, 2016 to January 25, 2018 Class Period, made false and/or misleading statements and/or failed to disclose that Ballard Power overstated the operations of its China-based partners Broad Ocean and Synergy JV; Ballard’s technologies had not been deployed in China to the extent Ballard Power represented; and as a result, Ballard Power’s stock shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.
Ballard Power Systems
Ballard Power is a “world leader in proton exchange membrane . . . fuel cell development and commercialization,” whose stated vision is to “be the leading global provider of innovative clean energy solutions” with a mission to “use [its] extensive fuel and systems know-how to profitably deliver innovative clean energy solutions to [its] customers, create rewarding opportunities for [its] team, and provide extraordinary value to [its] shareholders.”
Ballard Power Systems Shareholders
If you are a shareholder who purchased Ballard stock between September 30, 2016, and January 25, 2018, both dates inclusive, and have questions or concerns about your potential legal rights or claims, please contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], complete the form above on the right or e-mail [email protected].