LAWSUITS FILED AGAINST PLUG, ADDYY and BYND - JAKUBOWITZ LAW PURSUES SHAREHOLDERS CLAIMS

NEW YORK, NY / ACCESSWIRE / May 23, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Plug Power Inc. (NASDAQ: PLUG)

CONTACT JAKUBOWITZ ABOUT PLUG:
https://claimyourloss.com/securities/plug-power-inc-class-action-loss-submission-form/?id=39833&from=1

Class Period : August 9, 2022 - March 1, 2023

Lead Plaintiff Deadline : June 12, 2023

According to the filed complaint, Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendant's statements about the Company's business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis.

adidas AG (OTCMKT: ADDYY)

CONTACT JAKUBOWITZ ABOUT ADDYY:
https://claimyourloss.com/securities/adidas-class-action-loss-submission-form/?id=39833&from=1

Class Period : May 3, 2018 - February 21, 2023

Lead Plaintiff Deadline : June 27, 2023

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) In addition to other misconduct, Kanye West made anti-Semitic comments in front of adidas staff, and even suggested naming an album after Adolf Hitler; (2) adidas was aware of his behavior, and failed to warn investors that it was aware of that behavior, and had considered ending the Partnership as a result of it; (3) adidas failed to take meaningful precautionary measures to limit negative financial exposure if the Partnership were to end as a result of West's behavior; (4) adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership; (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Beyond Meat, Inc. (NASDAQ: BYND)

CONTACT JAKUBOWITZ ABOUT BYND:
https://claimyourloss.com/securities/beyond-meat-class-action-loss-submission-form/?id=39833&from=1

Class Period : May 5, 2020 - October 13, 2022

Lead Plaintiff Deadline : July 10, 2023

According to the complaint, throughout the Class Period defendants made numerous materially false and misleading statements and omissions concerning the Company's ability to produce plant-based meats at scale. Specifically, defendants repeatedly assured investors that Beyond Meat conducted "extensive testing" to "ensure manufacturability" of its plant-based meat products at commercial scale, and touted the success of the Company's product tests with its large-scale partnerships as "very positive." Further, defendants blamed any delays in launching these large-scale partnerships on Covid-19.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887

SOURCE : Jakubowitz Law

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