This lawsuit is for anyone who acquired the common stock of First Solar, Inc. (NASDAQ: FSLR) between April 30, 2008 and February 28, 2012.
The lawsuit alleges that throughout the time period mentioned above, the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges, among other things, that throughout the time period mentioned above the Company knew of manufacturing flaws that would result in it having to make good on its product warranties thereby reducing its profits, but that the Company failed to disclose the known facts to investors.
On February 29, 2012, the Company issued its 2011 end-of-year earnings wherein the Company stated that it had incurred a charge of $164 million for warranty payments to replace equipment that caused power loss in certain panels. On this news, the Company's share price fell precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired shares of common stock of First Solar, Inc. (NASDAQ: FSLR) between April 30, 2008 and February 28, 2012 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Join the Class Action
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.