Plug Power Investors Face April 3 Deadline to Seek Lead Role in Securities Class Action

Plaintiffs say Plug Power exaggerated its chances for a federal energy loan tied to hydrogen plant construction.

Overview

Investors have until April 3, 2026 to ask the court to serve as lead plaintiff in Ortolani v. Plug Power in the Northern District of New York.
The case asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5.
The complaint alleges Plug Power overstated the likelihood of receiving a U.S. Department of Energy loan and that it would build the hydrogen production facilities needed to obtain those funds.
The alleged class period runs from January 17 to November 13, 2025, and reporting links an October 7, 2025 leadership shake-up to a 6.3% intraday stock drop.
Several plaintiff firms, including Schall, DJS Law Group, Bleichmar Fonti & Auld, and Levi & Korsinsky, are recruiting investors, and no class has been certified.