SAN DIEGO, Jan. 08, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of First Solar, Inc. (“First Solar” or the “Company”) (NASDAQ: FSLR). The class action is on behalf of shareholders who purchased First Solar stock between
February 22, 2019 and February 20, 2020
, inclusive (the “Class Period”). To serve as lead plaintiff in this class action, you must move the Court no later than March 8, 2022.
What actions may I take at this time?
If you suffered a substantial loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker (
[email protected]
) by email or phone at 619-814-4471. If emailing, please include a phone number. Additionally, you can:
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The complaint alleges that, throughout the Class Period, Defendants made repeated misrepresentations to investors regarding the development of its newest “Series 6” solar module, the cost per unit it could achieve with that module, and the impact the changeover to this new product would have on the viability of its other business segments. As a result of Defendants’ misrepresentations, First Solar common stock traded at artificially inflated prices during the Class Period.
A lead plaintiff will act on behalf of all other class members in directing the First Solar class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the First Solar class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit
. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
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