Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors
Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Array Technologies, Inc. ("Array" or the "Company") (NASDAQ: ARRY) investors concerning the Company's possible violations of the federal securities laws.
If you suffered a loss on your Array investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Array-Technologies-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On March 15, 2023, Array announced that it would be unable to file its 2022 Annual Report within the 15-day extension period given after its previously filed Notification of Late Filing. The Company explained that it "required additional time to complete its Annual Report" because, among other isses, it required additional time to "correct errors in the unaudited condensed consolidated financial statements as of and for the quarter and year-to-date periods ended March 31, 2022, June 30, 2022 and September 30, 2022."
On this news, Array's stock price fell $1.27, or 6.5%, to close at $18.40 per share on March 15, 2023, thereby injuring investors.
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Whistleblower Notice: Persons with non-public information regarding Array should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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