The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Azure Power Global Limited (“Azure Power” or “the Company”) (NYSE: AZRE) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Azure Power disclosed on August 29, 2022, that it had received a whistleblower complaint in May 2022 alleging misconduct and other irregularities at a power plant owned by a subsidiary. The Company’s audit committee also found evidence of manipulation of data related to ongoing projects. CEO Harsh Shah also stepped down from the Company just two months after taking his position. Based on this news, shares of Azure Power dropped by more than 41%.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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