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Siskinds LLP

Canadian Solar law suit settlement approved

The Ontario-based solar company will pay US$13 million to settle a class action filed in August 2010, after the Ontario Superior Court approved the offer.

Canadian Solar offers $13m to settle class action

The Sino-Canadian solar manufacturer has moved to settle a ten-year-old case in which it was accused of breaching generally accepted accounting principles in its 2009 figures. The company has indicated the settlement, which is yet to be approved, is not an indication of guilt.

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