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NEW YORK, May 26, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Array Technologies, Inc. (NASDAQ:ARRY), ContextLogic Inc. (NASDAQ:WISH), and Ubiquiti, Inc. (NYSE:UI). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Array Technologies, Inc. (NASDAQ:ARRY)
Class Period: October 14, 2020 and May 11, 2021
Lead Plaintiff Deadline: July 13, 2021
With respect to the Exchange Act claims, the Action alleges that, throughout the Class Period, defendants made false and misleading statements because they omitted and otherwise failed to disclose that, dating back to the first quarter of 2020, prices of certain commodities such as steel was in the process of more than doubling, and that Array was facing increasing freight costs. As a result of the foregoing, the Company's positive statements about its business and operations lacked a reasonable basis.