Law Offices of Howard G. Smith Announces Class Action Lawsuit Against JinkoSolar Holding Company, Ltd.

Date: 27 October 2011
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired the New York Stock Exchange-traded American Depositary Shares (ADSs), CUSIP 47759T100, of JinkoSolar Holding Company, Ltd. (“JinkoSolar” or the “Company”) (NYSE:JKS) pursuant and/or traceable to the Company’s May 13, 2010 initial public offering (the “IPO”), including ADSs purchased on the open market between May 13, 2010 and September 21, 2011, inclusive (the “Class Period”).

The class action lawsuit, seeking to pursue remedies under the Securities Act of 1933 and the Securities Exchange Act of 1934, was filed in the United States District Court for the Southern District of New York.

JinkoSolar, together with its subsidiaries, engages in the manufacture and sale of solar power products, under the JinkoSolar brand name, in China and internationally. The Company provides solar modules, silicon wafers and ingots, and solar cells in addition to processing services, including silicon wafer tolling services. The Complaint alleges that in the Prospectus and Registration Statement issued in connection with the Company’s IPO, and in subsequent filings with Securities and Exchange Commission, JinkoSolar represented that the Company was in full compliance will all environmental regulations in the People’s Republic of China. The Complaint further alleges that last month, after a massive die-off of fish in a river adjacent to JinkoSolar’s primary manufacturing facility in Haining, China, hundreds of local residents protested and eventually ransacked the facility, 31 people were detained by police, and the facility was shut for several weeks.

Subsequently, JinkoSolar admitted that it was responsible for the environmental contamination and agreed to take remedial action, and further admitted at a press conference that “we cannot shirk responsibility for the legal consequences which have come from management slips.” Following the disclosure of the contamination, JinkoSolar ADSs lost more than 42% of their value in a single week, causing investor losses.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased JinkoSolar ADSs pursuant to the Company’s May 13, 2010 IPO, or on the open market between May 13, 2010 and September 21, 2011, you have certain rights, and have 60 days from October 11, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to, or visit our website at


Law Offices of Howard G. Smith

Howard G. Smith, Esquire



600450 Law Offices of Howard G. Smith Announces Class Action Lawsuit Against JinkoSolar Holding Company, Ltd.
Date: 27 October 2011

See more news about:

Others also read

DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
COLUMBUS, Ohio – Dec. 19, 2011 – Safelite AutoGlass®, the nation’s largest provider of vehicle glass repair and replacement services with a fleet of 6,000, announced it will transition to Ford®.
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.
Today designers and architects are looking to the hotel bathroom as the new frontier of the guestroom, turning what has long been a mostly functional space into a haven and means of escape.

Add new comment