Abengoa, S.A. is a Spanish multinational company in the green infrastructure, energy and water sectors.

According to the law firm press release, the Complaint alleges that Abengoa and certain of its former and current executive officers and directors have misrepresented the liquidity of the Company's balance sheet.

On July 31, 2015, the Company announced it would lower its free cash flow guidance and a plan to divest itself of 400 million euros in assets. Despite this statement, Defendant maintained that "the company has no plan to…tap the capital markets in any manner." Then on August 3, 2015, contrary to this statement, Abengoa announced a share issuance plan to raise 650 million euros, along with an asset divestiture totaling 500 million euros. Upon this news, Abengoa ADSs plunged over $5 per share, or 46% to a close of just $6.00 on August 4, 2015.

On May 24, 2016, the Court issued an Order consolidating cases and appointing Lead Plaintiffs and Counsel. All future docketing was ordered to be done in the lead case 15-CV-06279.

Lead Plaintiffs filed an amended Complaint on August 2, 2016. On October 28, 2019, Lead Plaintiffs filed a second amended Complaint. Defendants filed a Motion to Dismiss the second amended Complaint on February 28, 2020. On August 20, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

On September 17, 2021, Lead Plaintiffs filed a third amended Complaint. Defendants filed a Motion to Dismiss the third amended Complaint on March 7, 2022. On August 30, the Court issued an Order granting Defendants' Motion to Dismiss and directed the Clerk of Court to close the case.

Lead Plaintiffs filed a notice appealing the Court's Dismissal Order on September 29, 2022.