Morgan & Morgan Announces the Filing of Class Action Against Atlantic Power (AT)

Morgan & Morgan Announces the Filing of Class Action Against Atlantic Power
(AT)

NEW YORK, March 13, 2013 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a
class action has been filed in the United District Court for District of
Massachusetts on behalf of purchasers of common stock of Atlantic Power
Corporation ("Atlantic Power" or the "Company") (NYSE:AT) (TSX:ATP) during the
class period of August 8, 2012 and February 28, 2013 ("Class Period"). The
complaint charges that Atlantic Power and its President and Chief Executive
Officer, Barry Welch, violated federal securities laws by making false and
misleading statements regarding Atlantic Power's ability to continue to issue
its common stock dividend at the same level that it was paying to investors.

If you purchased Atlantic Power common stock between August 8, 2012 and
February 28, 2013, you may, no later than May 8, 2013, request that the Court
appoint you lead plaintiff of the proposed class. A lead plaintiff is a
representative party that acts on behalf of other class members in directing
the litigation. Any member of the purported class may move the Court to serve
as lead plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent class member.

If you purchased Atlantic Power common stockon the NYSE or TSX and want more
information about the Atlantic Power securities fraud class action lawsuit,
please contact George Pressly, Esq. at
1 (800) 631-6234or email George at info@morgansecuritieslaw.com.

The Complaint alleges that the sustainability of Atlantic Power's stock
dividend was regarded by the Company as one of its corporate objectives. On
numerous occasions during the Class Period, defendants stated they were
studying cash flows and the sustainability of a dividend. Then, without any
warning, on February 28, 2013, in a press release, the company stated that in
order to "target a lower, more sustainable payout ratio that balances yield
and growth," the Board, with management's recommendation, was cutting Atlantic
Power's common stock dividend. The dividend was cut by more than 50%
commencing with the March 2013 dividend, thus paying an annual dividend of
only Cdn$0.40 per share, down from Cdn$0.90 per share. The market reacted
immediately and the price of Atlantic Power's common stock fell from an
opening price of $10.25 on February 28, 2012 to a closing price of $7.12 on
March 1, 2013, and a further drop on March 4 to a $5.91 closing price, on
trading volume of over 9 million shares.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to
securities fraud, the firm also practices in the areas of antitrust, personal
injury, consumer protection, overtime, and product liability. All of the
Firm's legal endeavors are rooted in its core mission: provide investor and
consumer protection and always fight "for the people."

Attorney advertising. Prior results do not guarantee a similar outcome.

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CONTACT: Morgan & Morgan
         Peter Safirstein, Esq.
         28 West 44th Street
         Suite 2001
         New York, NY  10036
         1-800-631-6234
         info@morgansecuritieslaw.com

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