This is a shareholder class action that alleges, among other things, Atlantic Power Corporation and certain of the company’s senior officers failed to disclose adverse information about the re-contracting progress of long-term power purchase agreements, failed to disclose the company’s declining profitability, misrepresented the sustainability of the company’s cash available for distribution and misrepresented the company’s financial condition and results of operations. Among other relief, the action claims $208.5 million in damages.
The proposed class of persons in this class action generally includes persons and entities who acquired the common shares or debentures of Atlantic Power Corporation from November 5, 2012 to February 28, 2013.
If you acquired Atlantic Power Corporation’s 6.00% Convertible Debentures in the prospectus offering that occurred in December 2012, please call our toll free number 1-855-595-2626.
Koskie Minsky LLP, Sutts, Strosberg LLP, Groia & Company Professional Corporation and Morganti Legal, P.C. represent the proposed representative plaintiffs in this action.