The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) certain manufacturing flaws were having an adverse effect on the Company's earnings; (2) First Solar was improperly recognizing revenue from certain products in its systems business; and (3) First Solar lacked sufficient internal and financial controls to accurately report the Companys financial results.
Take Action
If you purchased First Solar securities between April 30, 2008 and February 28, 2012 and would like to discuss your legal rights, you can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding First Solars conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
