Los Angeles - 
(NewMediaWire) - May 28, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against Array
Technologies, Inc. (“Array” or “the Company”) (NASDAQ: ARRY) for
violations of the
federal securities laws.
Investors who
purchased the Company's shares pursuant and/or traceable to the Company’s October
2020 initial public offering (the "IPO"), or to the Company’s
December 2020 offering (the “December 2020 SPO”), or to the Company’s March
2021 offering (the “March 2021 SPO”), or between October 14, 2020, and May 11,
2021 both dates inclusive (the "Class Period"), are encouraged to
contact the firm before July 13, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, the Company made false and misleading statements to the market.
Array failed to disclose that it was facing increasing costs for commodities
such as steel as early as Q1 2020. At the same time, the Company was facing
increasing freight costs and other deteriorating business conditions. Based on
these facts, the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the truth about
Array, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
