Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Atlantic Power Corporation

  Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Atlantic
  Power Corporation

Business Wire

LOS ANGELES -- March 12, 2013

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed in the United States District Court for the District of Massachusetts on
behalf of all purchasers of the common stock of Atlantic Power Corporation
(“Atlantic Power” or the “Company”) (NYSE:AT) between August 8, 2012 and
February 28, 2013, inclusive (the “Class Period”).

Atlantic Power operates as a power generation and infrastructure company with
a portfolio of assets in the United States and Canada. The Complaint alleges
that throughout the Class Period, Defendants made false and/or misleading
statements, as well as failed to disclose material adverse facts about the
Company’s business, operations, and prospects. Specifically, the Complaint
alleges that the Company and its President and Chief Executive Officer, Barry
Welch, made false and misleading statements regarding the sustainability of
AT's stock dividend, which was regarded by the Company as one of its corporate

On February 28, 2013, the Company disclosed that it was cutting its monthly
dividend, starting in March 2013, by more than 50%. According to the Company,
even though the Company’s February 2013 dividend was Cdn$0.09583, “the Board,
with management’s recommendation, unanimously approved a reduction in the
annual dividend level to Cdn$0.40 per share, or Cdn$0.03333 per share on a
monthly basis.” On this news, shares of the Company declined $2.85 per share,
28.59%, to close on March 1, 2013, at $7.12 per share, on unusually heavy
volume, and further declined $1.21 per share, 16.99%, to close on March 4,
2013, at $5.91 per share, also on unusually heavy volume.

No class has yet been certified in this action. Until a class is certified,
you are not represented by counsel unless you retain one. If you purchased
Atlantic Power common stock during the Class Period, you have certain rights,
and have until May 8, 2013 to move for lead plaintiff status. To be a member
of the class you need not take any action at this time, and you may retain
counsel of your choice. If you wish to discuss this action or have any
questions concerning this Notice or your rights or interests with respect to
these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow &
Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California
90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail
to, or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.


Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
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