IMPORTANT SHAREHOLDER REMINDER: Goldberg Law PC Announces Securities Class Action Lawsuit Against Yingli Green Energy Holding...
July 20 2015 - 7:30PM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit has been filed in the United States District Court
for the Central District of California against Yingli Green Energy
Holding Co. Ltd. (NYSE: YGE) (“Yingli” or the “Company”), for
alleged violations of the federal securities laws. Investors who
purchased shares between March 18, 2014 and May 15, 2015, inclusive
(the “Class Period”), have until July 27, 2015 to serve as lead
plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class
Period, we advise you to contact Michael Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del
Rey, CA 90292, at 800-977-7401, to discuss your rights without cost
to you. You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
Yingli is a supplier of vertically integrated photovoltaic (PV)
modules based in the People’s Republic of China. According to the
complaint, the Company made false and/or misleading statements and
failed to disclose: (1) that the Company was inappropriately
recognizing revenue; (2) that the Company had no reasonable
prospects to collect on certain accounts receivable based on
historical customer conduct; (3) that the Company was no longer
able to borrow from commercial banks to fund its operations; (4)
that Yingli’s inability to raise additional capital or borrow funds
from commercial banks threatened the Company’s ability to continue
as a going concern; and, (5) that, as a result of the foregoing,
Defendants’ statements about Yingli’s business, operations, and
prospects were false and misleading and/or lacked a reasonable
basis. When the truth emerged, the stock dropped harming
investors.
If you have any questions concerning your legal rights in this
case, please immediately contact Goldberg Law PC at 800-977-7401,
or visit our website at http://www.Goldberglawpc.com, or email us
at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150720006480/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.
800-977-7401Brian Schall, Esq.
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.comhttps://twitter.com/goldberglawpchttps://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts