Investors Have Until Today to Claim Their Payout from the $23M Azure Power Settlement

Court: S.D. New York

Case: 1:22-cv-07432

Investors have until today to submit their claims and receive a payout in the $23M Azure Power settlement.

What is this settlement?

In May 2022, Azure received a whistleblower complaint revealing misconduct at a subsidiary, including falsified project data, safety violations, and quality control failures. These revelations caused $OTC-AZREF to drop 44%, erasing $300 million in market value.

Following this, Azure Power was sued by shareholders and has agreed to settle by paying $23M to investors.

What can you do to recover your losses now?

You can submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.