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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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