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Suntech Power Holdings Co. Ltd STP Securities Lawsuit

Company: Suntech Power Holdings Co. Ltd
Ticker Symbol: STP
Class Period: Aug-18-10 to Jul-30-12
Date Filed: Aug-14-12
Lead Plaintiff Deadline: Oct-13-12
Court: Northern District of California
Los Angeles, CA: A securities class-action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who purchased shares from Suntech Power Holdings Co. Ltd. between August 18, 2010, and July 30, 2012.

The complaint charges Suntech and its officers with violations of federal securities laws by making false and/or misleading statements and failing to disclose material adverse facts about Suntech's business, operations and prospects.

Specifically, the complaint alleges that the defendants made false and/or misleading statements and failed to disclose that Suntech had not been pledged 560 million euros in German government bonds from GSF Capital Pte Ltd. in connection with its May 2010 financing arrangement with the China Development Bank; that the company lacked internal and financial controls; and that, as a result, the company's financial statements were materially false and misleading.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Suntech Power Holdings Co. Ltd STP Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Suntech Power Holdings Co. Ltd securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Aug-15-12


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