Gilman Law LLP, a leading national securities law firm, is actively investigating shareholder allegations that JinkoSolar (“JinkoSolar”) and certain of its officers and directors violated the Securities Exchange Act 1940 and the Securities Act of 1933. Gilman Law is also investigating claims against the lead underwriter Credit Suisse Securities (USA) LLC and other investment banks that underwrote JinkoSolar’s May 13, 2010 Initial Public Offering (“IPO”). JinkoSolar is one of the world’s largest manufacturers of photovoltaic (“PV”) products, including crystalline ingots, wafers, cells and mono- and multi- crystalline PV panels.
For over 40 years, the lawyers at Gilman Law have been involved in all major aspects of securities fraud litigation. The firm specializes in cases involving stock manipulation, securities fraud, and shareholder rights violations. JinkoSolar launched an IPO on May 13, 2010 issuing 5,835,000 ADSs to trade on the New York Stock Exchange. If you purchased shares of JinkoSolar during the IPO on May 13, 2010 or purchased or otherwise acquired shares of common stock of JinkoSolar (NYSE: JKS) between May 13, 2010 and September 21, 2011 and either lost money on the transaction or still hold the shares, you may contact Gilman Law LLP, by no later than December 10, 2011 to discuss your rights, including as to recovery of your losses or to obtain additional information.
Failure to Disclose Information
A class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Jinko Solar. The complaint alleges that JinkoSolar issued false and misleading information in the IPO Prospectus, Registration Statement and subsequent SEC filings which assured investors that the Company was in full compliance with all PRC environmental regulations.
However, on September 19, China’s Environmental Protection Bureau demanded JinkoSolar’s subsidiary, Zhejiang Jinko, to clean up the contaminated portions of the river which contained excessive levels of fluoride when the waste was swept into the river. They further demanded them to take immediate measures to improve their waste treatment procedures.
This was not the first violation by the Company. They have repeatedly been cited for violations, including most recently in April when Zhejiang Jinko’s waste disposal system failed regulatory checks. After this news was released on September 19, shares of JKS fell 28% to close at $6.50 per share.
Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits. Gilman Law has recovered over a billion dollars for its clients and can help you recover any losses that you have incurred as a result of JinkoSolar’s fraudulent practices. For a free evaluation of your case or to obtain additional information, please complete our free consultation form or CALL TOLL FREE (888) 252-0048.