Glancy Binkow & Goldberg Encourages Investors to Inquire About a Lead
Plaintiff Position in the Class Action Lawsuit Against Atlantic Power
Corporation -- AT
LOS ANGELES, April 28, 2013 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP,
representing investors of Atlantic Power Corporation ("Atlantic Power" or the
"Company") (NYSE:AT), has filed a class action lawsuit in the United States
District Court for the District of Massachusetts on behalf of a class (the
"Class") comprising all purchasers of Atlantic Power common stock between July
23, 2010 and March 4, 2013, inclusive (the "Class Period"). Investors who have
losses of $100,000 or more are encouraged to contact the firm for information
concerning a lead plaintiff position in the class action suit and have until
May 7, 2013 to file a motion with the Court to be appointed as lead plaintiff.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW &
GOLDBERG LLP. PLEASE CONTACT US BY PHONE TO DISCUSS THIS ACTION OR TO OBTAIN A
COPY OF THE COMPLAINT AT (310) 201-9150, TOLL-FREE AT (888) 773-9224, OR BY
EMAIL AT SHAREHOLDERS@GLANCYLAW.COM.
The Complaint alleges that throughout the Class Period the defendants made
false and/or misleading statements or 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 Atlantic Power'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 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
If you are a member of the Class described above, you may move the Court to
serve as lead plaintiff no later than May 7, 2013; however, you must meet
certain legal requirements.If you wish to learn more about 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 or Toll Free at (888)
773-9224, by e-mail to firstname.lastname@example.org, or visit our website at
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA
(310) 201-9150 or (888) 773-9224
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