NEW
YORK, Oct. 28, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Azure Power Global Limited
(NYSE: AZRE).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/azure-power-global-limited-loss-submission-form/?id=33075&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Azure between June 15, 2021
and August 26, 2022.
Shareholders interested in acting as a lead plaintiff
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.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law