Ballard Power Systems Inc. Securities Litigation

If you purchased a significant amount of shares of Ballard Power Systems, Inc. (NASDAQ: BLDP) between September, 30th 2016 and January, 25th 2018, and/or if you purchased Ballard Power Systems, Inc. (NASDAQ: BLDP) shares in September 2016 or earlier and currently hold any of those shares, you have certain options. Investors should contact us.

 

Lawsuit Overview

Defendant:Ballard Power Systems, Inc.
Date Filed:January, 27th 2018
Sector:Energy
Industry:Industrial Machinery/Components

According to the Complaint, Ballard engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cells worldwide.

The Complaint alleges that throughout the Class Period, Defendants made statements that were materially false and/or misleading because they misrepresented and failed to disclose the following adverse facts pertaining to the Company's business, operational and financial results, which were known to Defendants or recklessly disregarded by them. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Ballard overstated the operations of its China-based partners Broad Ocean and Synergy; (2) there are no demonstration lines operating in Guangdong and no bus lines are in service in Sanshui or Yunfu; (3) Foshan has produced far fewer buses than Ballard has indicated, and only 11 are licensed; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Ryan Bishop, et al. v. Ballard Power Systems Inc., et al.

Date Filed:January, 27th 2018
Class Period Start:September, 30th 2016
Class Period End:January, 25th 2018
First Identified Complaint Filings
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