Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Atlantic Power Corporation

  Law Offices of Howard G. Smith Announces Class Action Lawsuit Against
  Atlantic Power Corporation

Business Wire

BENSALEM, Pa. -- March 16, 2013

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

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 objectives.

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 its 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 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 your rights with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or email, or visit
our website at


Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
Press spacebar to pause and continue. Press esc to stop.