NEW YORK–(BUSINESS WIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating possible claims against Renewable Energy Group, Inc. (NASDAQ: REGI) on behalf of Renewable Energy shareholders. Our investigation concerns whether renewable energies have violated federal securities laws and / or have committed other illegal business practices.
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On February 25, 2021, after the market closed, Renewable Energy released a press release announcing its fourth quarter and full year 2020 financial results. In it, the company announced that it would adjust “cumulative revenue of $ 38.2 million from January 2018 to September 30, 2020” because renewable energy is not the “right applicant for certain BTC” [biodiesel mixture excise tax credits] Payments for biodiesel sold between January 1, 2017 and September 30, 2020. Renewable Energy said it had reached an agreement with the Internal Revenue Service on a valuation of $ 40.5 million without interest to correct these claims.
In that news, the company’s stock price fell as much as 9% on February 26, 2021.
If you have purchased or otherwise acquired shares in Renewable Energy and have suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this announcement or your rights or interests in relation to these matters, please contact us You can email Brandon Walker, Melissa Fortunato, or Marion Passmore at [email protected], call (212) 355-4648, or fill out this contact form. There are no costs or obligations for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.