AZRE LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of AZURE POWER GLOBAL LIMITED Shareholders
New York, New York--(Newsfile Corp. - September 13, 2022) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Azure Power Global Limited (NYSE: AZRE).
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Affected shareholders purchased shares of AZRE between June 15, 2021 and August 26, 2022
Shareholders interested in representing the class of wronged shareholders have until October 31, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Azure Power Global Limited issued materially false and/or misleading statements and/or failed to disclose that: (1) there were procedural irregularities, including deviations from safety and quality standards, at one of Azure's plants; (2) certain project data was manipulated; (3) as a result of the foregoing, the Company's internal controls and procedures were not effective; (4) Azure had received a credible whistleblower report alleging such misconduct; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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.
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