Science & Technology
Science and Technology
Science and Technology
Mon, June 14, 2010
Sun, June 13, 2010
Fri, June 11, 2010 The Rosen Law Firm Files Class Action on Behalf of Purchasers of Stock and Options of Canadian Solar Inc. a" CSIQ
NEW YORK--([ BUSINESS WIRE ])--The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of purchasers of the securities of Canadian Solar Inc. (NASDAQ: CSIQ) (aCanadian Solara or the aCompanya), including purchasers of common stock, call options, and/or sellers of put options between March 3, 2010 and June 1, 2010, inclusive (the aClass Perioda).
To join the Canadian Solar class action, go to the website at [ http://www.rosenlegal.com ] or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or you may also email [ lrosen@rosenlegal.com ] or [ pkim@rosenlegal.com ] for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint alleges that Canadian Solar and certain of its officers and directors issued materially false and misleading statements concerning the Companya™s financial condition, business and operations. Particularly, the Complaint asserts that certain of the Companya™s revenues may have been improperly recorded from sales for which the Company had not been paid, and that certain goods had been returned after the end of the quarter. The Company announced that it may revise its previously reported revenues for 4Q09 and the 2009 fiscal year. As a result of the investigation of its Audit Committee, Canadian Solar postponed both the release of its 1Q2010 financial results and its quarterly conference call. As a result of these and related adverse disclosures, Canadian Solara™s share price has dropped substantially, damaging shareholders.
If you wish to serve as lead plaintiff, you must move the Court no later than August 2, 2010. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at [ lrosen@rosenlegal.com ] or [ pkim@rosenlegal.com ].
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
