Investors with a $2,000 or more in losses are encouraged to contact the firm before May 3, 2021; click here to submit trade information
LOS ANGELES, April 28, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Renewable Energy Group, Inc. (NASDAQ: REGI) investors that acquired shares between May 3, 2018 and February 25, 2021. Investors have until May 3, 2021 to seek an active role in this litigation.
Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.
After the market closed on February 25, 2021, a press release was issued by Renewable Energy announcing the financial results of its fourth quarter and full year 2020. Renewable Energy revealed that it would restate “$38.2 million in cumulative revenue from January 2018 through September 30, 2020” because Renewable Energy was not the “proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020.” It was further stated by Renewable Energy that it had reached an agreement with the Internal Revenue Service “on a $40.5 million assessment, excluding interest” in order to correct these claims.
On February 26, 2021, Renewable Energy’s stock price fell as much as 9% on this news during intraday trading.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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