JinkoSolar Holding Co., Ltd. : Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against JinkoSolar Holding Company, Ltd.
11/23/2011| 09:45pm US/Eastern
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Glancy Binkow & Goldberg LLP announces that a class action lawsuit has
been filed on behalf of investors who purchased or otherwise acquired
the American Depositary Shares (ADSs) of JinkoSolar Holding Company,
Ltd. ("JinkoSolar" or the "Company") (NYSE:JKS) pursuant and/or
traceable to the Company's May 13, 2010 initial public offering (the
"IPO"), including ADSs purchased on the open market between May 13, 2010
and September 21, 2011. The securities fraud class action lawsuit was
filed in the United States District Court for the Southern District of
New York.
A copy of the Complaint is available from the court or from Glancy
Binkow & Goldberg LLP. Please contact us by phone to discuss this action
or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at
(888) 773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
JinkoSolar, together with its subsidiaries, engages in the manufacture
and sale of solar power products, under the JinkoSolar brand name, in
China and internationally. The Company provides solar modules, silicon
wafers and ingots, and solar cells in addition to processing services,
including silicon wafer tolling services. The Complaint alleges that in
the Prospectus and Registration Statement issued in connection with the
Company's IPO, and in subsequent filings with Securities and Exchange
Commission, JinkoSolar represented that the Company was in full
compliance will all environmental regulations in the People's Republic
of China. The Complaint further alleges that last month, after a massive
die-off of fish in a river adjacent to JinkoSolar's primary
manufacturing facility in Haining, China, hundreds of local residents
protested and eventually ransacked the facility, 31 people were detained
by police, and the facility was shut for several weeks.
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. If
you purchased JinkoSolar ADSs between May 13, 2010 and September 21,
2011, you have certain rights, and have until December 12, 2011, to move
for lead plaintiff status. To be a member of the class you need not take
any action at this time; you may retain counsel of your choice or take
no action and remain an absent class member. If you wish to discuss this
action or have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the
Stars, Suite 311, Los Angeles, California 90067, by telephone at (310)
201-9150 or Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310)
201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com
© Business Wire 2011
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