NEW ORLEANS, Jan. 14, 2022 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 8, 2022 to file lead plaintiff applications in a securities class action lawsuit against First Solar, Inc. (NasdaqGS: FSLR), if they purchased the Company’s shares between February 22, 2019 and February 20, 2020, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Arizona.
First Solar investors should visit us at https://claimsfiler.com/cases/nasdaq-fslr-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
First Solar and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 20, 2020, the Company disclosed that it was exploring the sale of its Project Development business, that it was experiencing “challenges with regard to certain aspects of the overall cost per watt,” and that it would no longer be disclosing a discrete cost per watt for its Series 6 units.
On this news, shares of First Solar declined, damaging shareholders.
The case is City of Pontiac General Employees’ Retirement System v. First Solar, Inc., No. 22-cv-00036.
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