Energy News / Shareholders Foundation, Inc.

NASDAQ:BLDP Shareholder Notice: Lawsuit Alleges Misleading Statements by Ballard Power Systems Inc

Via: ReleaseWire

Updated 11:15 AM CST, Wed, February 07,2018

A lawsuit was filed on behalf of investors in Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 02/07/2018 -- An investor, who purchased NASDAQ:BLDP shares, filed a lawsuit against Ballard Power Systems Inc. over alleged Securities Laws violations.

Those who purchased shares of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between September 30, 2016 and January 25, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Ballard Power Systems Inc. overstated the operations of its China-based partners Broad Ocean and Synergy, that there are no demonstration lines operating in Guangdong and no bus lines are in service in Sanshui or Yunfu, that Foshan has produced far fewer buses than Ballard Power Systems Inc. has indicated, and only 11 are licensed, and that as a result, Defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages

Those who purchased shares of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqbldp-shareholder-notice-lawsuit-alleges-misleading-statements-by-ballard-power-systems-inc-928253.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com