Orix Corp
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Financials : Diversified Financial Services | Large Cap Value
Based in Japan
Company profile

ORIX CORPORATION is a Japan-based company engaged in the provision of diversified financial services. The Company has six business segments. The Corporate Financial Services segment is engaged in the commission business. The Maintenance Leasing segment is engaged in the automobile leasing business, the car rental business, the measuring instruments and information related equipment rental business, and the leasing business. The Real Estate segment is engaged in the development, leasing and management of real estate, the facility operation business and the real estate asset management business. The Business Investment segment is engaged in the environment and energy business, the investment business and the concession business. The Retail segment is engaged in the life insurance business, the banking business and the card loan business. The Overseas segment is engaged in the asset management business, the aircraft and ship related business, the investment and financial business.

This security is an American depositary receipt
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Shareholder Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against Plug Power, Inc. (PLUG)

3:19 pm ET April 5, 2021 (BusinessWire) Print

Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Plug Power, Inc. (NASDAQ: PLUG) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities Exchange Act of 1934 between November 9, 2020 and March 1, 2021. Plug Power provides comprehensive hydrogen fuel cell turnkey solutions focused on systems used to power electric motors in the electric mobility and stationary power markets.

If you purchased shares of Plug Power Inc. (PLUG) between November 9, 2020 and March 1, 2021, you have until May 7, 2021, to ask the court to appoint you lead plaintiff for the class. If you suffered a loss due to Plug Power, Inc.'s misconduct, click here.

Plug Power, Inc. (PLUG) Misled Shareholders Regarding its Internal Controls Over Financial Reporting

According to the complaint, on November 9, 2020, Power Plug reported its third quarter 2020 financial results in a letter posted on its website. The same day, Power Plug filed its quarterly report on Form 10-Q for the period ended September 30, 2020, affirming its previously reported financial results. The Company also noted that its "disclosure controls and procedures are effective" and that "no changes in the Company's internal controls over financial reporting ... occurred during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company's internal controls over financial reporting."

On February 25, 2021, Plug Power released its fourth quarter and full year 2020 financial results on its website. Notwithstanding, on March 2, 2021, Plug Power filed a Notification of Late Filing with the SEC stating that it could not timely file its annual report for the period ended December 31, 2020. Specifically, the Company was completing a "review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas." The Company stated that "[i]t is possible that one or more of these items may result in charges or adjustments to current and/or prior period financial statements." On this news, Plug Power's stock price fell $3.68, or 7%, to close at $48.78 per share on March 2, 2021. The price continued to decline over 19% over the next three trading sessions, to close at $39.30 per share on March 5, 2021.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more: Lauren Levi (800) 350-6003 llevi@robbinsllp.com Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Plug Power, Inc. settles or to receive free alerts about companies engaged in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210405005420/en/


Lauren Levi
Robbins LLP
(800) 350-6003
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