|[March 08, 2013]
Atlantic Power Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor, LLP announce an investigation into potential violations of
federal securities laws by certain officers and directors of Atlantic
Power Corporation, Inc. ("Atlantic Power" or "Company") (NYSE: AT)
during the period of July 23, 2010 to March 1, 2013 (the "Clss Period").
If you are an affected investor and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607.
There is no cost or fee to you.
The investigation centers around allegedly misleading statements
regarding the Company's dividend and the ability to pay that dividend.
After the February 28, 2013 announcement of the 65% dividend payment cut
the price of Atlantic Power's stock plummeted.
"Recent revelations about alleged improper business practices and
procedures regarding key aspects of Atlantic Power' business and other
misleading financial statements have prompted the firms to investigate
possible breaches of fiduciary duties and other violations of state law
by Atlantic Power's officers and directors. Based on our investigation,
we are prepared to pursue litigation to preserve the company and the
value of Atlantic Power stock for all shareholders," said shareholder
rights attorney Patrick Powers.
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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