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IN RE ATLANTIC POWER CORP. SECURITIES LITIGATION

Civil Action No. 1:13-cv-10537-IT.

98 F.Supp.3d 119 (2015)

In re ATLANTIC POWER CORPORATION SECURITIES LITIGATION.

United States District Court, D. Massachusetts.

Signed March 13, 2015.

Attorney(s) appearing for the Case

Theodore M. Hess-Mahan , Hutchings, Barsamian, Cross and Mandelcorn, LLP, Wellesley Hills, MA, Joseph Edward White, III , Saxena White P.A., Boca Raton, FL, Leslie R. Stern , Daryl Devalerio Andrews , Glen Devalerio , Kristin J. Moody , Leslie R. Stern , Nathaniel L. Orenstein , Berman Devalerio Pease Tabacco Burt & Pucillo, David Pastor , Pastor Law Office, LLP, Jason M. Leviton , Block & Leviton LLP, Boston, MA, Peter G. Safirstein , Morgan & Morgan, P.C., New York, NY, for Plaintiffs.

Nicholas B. Carter , Todd & Weld LLP, Boston, MA, Jared Gerber , Lawrence B. Friedman , Roger A. Cooper , Cleary Gottlieb Steen & Hamilton LLP, New York, NY, for Defendants.

MEMORANDUM & ORDER

I. Introduction

On February 28, 2013, Defendant Atlantic Power Corporation announced a 65% reduction in its monthly dividend. The value of its shares of common stock decreased by 28.59% on March 1, 2013, and continued to decrease in the following days. This announcement...

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