CASES
A-Power Energy Generation Systems, Ltd
Class Period: Mar 31, 2008 to Jun 27, 2011
Lead Plaintiff Deadline: Aug 30, 2011 + Deadline passed
Summary of Case:
A securities class action has been filed against A-Power Energy Generation Systems, Ltd. ("A-Power" or the "Company") on behalf of all persons who purchased the common stock of A-Power from March 31, 2008 to June 27, 2011.Energy Generation Systems, Ltd. ("A-Power" or the "Company"). This case has been filed in the USDC - California (Central).
The Complaint alleges as follows: During the Class Period, Defendants issued materially false and misleading statements and omitted to state material facts that rendered their affirmative statements misleading as they related to the Company's financial performance, business prospects, and true financial condition. Specifically, A-Powers' financial statements filed by A-Power's main subsidiaries with Chinese regulators showed less revenue and cash balances than those filed with the SEC.
As a result of this adverse news, A-Power's share price has dropped and NASDAQ has halted trading in its stock. This has caused investors substantial losses.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.