Workhorse Group Inc WKHS

NEW YORK, March 16, 2021 /PRNewswire/ -- Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating potential claims involving directors and officers regarding possible breaches of fiduciary duties related to whether insiders caused their companies to make false and/or misleading statements and/or failed to disclose, among other things, that:

• Plug Power Inc. (NASDAQ: PLUG) 

(1) Plug Power would be unable to timely file its 2020 annual report due to delays related to the review of classification of certain costs and the recoverability of the right to use assets with certain leases; and (2) Plug Power was reasonably likely to report material weaknesses in its internal control over financial reporting.

• Workhorse Group, Inc. (NASDAQ: WKHS)

(1) the Company was merely hoping that USPS was going to select an electric vehicle as its Next Generation Delivery Vehicle, and had no assurance or indication from USPS that this was the case; (2) the Company had concealed the fact that – as revealed by the postmaster general in explaining the ultimate decision not to select an electric vehicle – electrifying the USPS's entire fleet would be impractical and astronomically expensive; and (3) as a result, Defendants' statements about Workhorse's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

• Leidos Holdings Inc. (NYSE: LDOS)

(1) the purported benefits of the Company's acquisition of L3Harris' Security Detection & Automation businesses were significantly overstated; (2) Leidos' products suffered from numerous product defects, including faulty explosive detection systems at airports, ports, and borders; (3) as a result of the foregoing, the Company's financial results were significantly overstated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you own PLUG, WKHS, or LDOS please contact Fletcher Moore, Esq. by email at fmoore@moorekuehn.com or telephone at (212) 709-8245.  There is no cost to you.  Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers.
Please visit http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/

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Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8^th Floor
New York, New York 10005
fmoore@moorekuehn.com 
(212) 709-8245

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