'Insider trading' | Lawsuit accuses bosses at hydrogen firm Plug Power of cashing in on 'false and misleading statements'

US electrolyser and fuel-cell maker faces class action lawsuit after allegedly netting $3bn of additional capital by misleading the market — but share price remains high

Andy Marsh, CEO of Plug Power, testifies during the Senate Energy and Natural Resources Committee hearing to examine federal regulatory authorities governing the development of interstate hydrogen pipelines, storage, import, and export facilities, on 19 July, 2022.
Andy Marsh, CEO of Plug Power, testifies during the Senate Energy and Natural Resources Committee hearing to examine federal regulatory authorities governing the development of interstate hydrogen pipelines, storage, import, and export facilities, on 19 July, 2022.CQ-Roll Call/Getty
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Published 15 September 2022, 11:25Updated 15 September 2022, 13:06