Capstone Green Energy Corporation (NASDAQ: CGRN)

This lawsuit is for anyone who acquired securities in Capstone Green Energy Corporation (NASDAQ: CGRN) from June 14, 2021 through September 22, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by stuffing its channels of distribution to overstate revenue.

On September 15, 2023, Capstone disclosed that it would be unable to file its Annual Report for the year ended March 31, 2023 on time. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on September 22, 2023, Capstone disclosed that, as a result of errors related to revenue recognition associated with bill and hold transactions, certain previously issued financial statements were materially incorrect, should no longer be relied upon, and would need to be restated. On this news, the price of the Company’s stock continued to drop on unusually heavy trading volume over the next couple of weeks.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Capstone Green Energy Corporation (NASDAQ: CGRN) from June 14, 2021 through September 22, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.