29 days left to seek lead plaintiff status
Case Summary
Company Name Array Technologies, Inc.
Stock Symbol ARRY
Class Period October 14, 2020 to May 11, 2021
Motion Deadline July 13, 2021

The Thornton Law Firm announces that it has filed a securities class action lawsuit along with Labaton Sucharow LLP, on behalf of investors of Array Technologies, Inc. (NASDAQ: ARRY). The case is currently in the lead plaintiff stage. Investors who purchased ARRY stock or other securities between October 14, 2020 and May 11, 2021 or investors who purchased or otherwise acquired Array common stock pursuant or traceable to the Company's October 2020 initial public offering, the Company's December 2020 secondary public offering, or the Company's March 2021 secondary public offering may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email investors@tenlaw.com or call 617-531-3917.

The case alleges that Array and its senior executives made misleading statements to investors and failed to disclose that dating back to the first quarter of 2020, prices of certain commodities, such as steel, were in the process of more than doubling, and that Array was facing increasing freight costs. It is also alleged that the Offering Materials contained false and misleading statements because they omitted and otherwise failed to disclose that, prior to the Offerings, increases in commodity and freight costs had been negatively impacting Array’s business and operations.

Interested Array investors have until July 13, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

A class action lawsuit has been filed on behalf of investors in Array Technologies, Inc. (ARRY) securities.

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