SEATTLE, USA: Hagens Berman announced class-action lawsuit filed against Canadian Solar Inc. on behalf of investors who purchased the common stock of CSIQ expands its “Class Period” from May 26, 2009 to June 1, 2010. The longer Class Period allows more CSIQ purchasers to benefit from the ongoing and in-depth investigation by Hagens Berman.
CSIQ purchasers are encouraged to provide information at www.hbsslaw.com/canadian-solar. Hagens Berman intends to file a separate suit shortly that will include new and more detailed findings.
The original lawsuits were filed after a June 1, 2010 press release in which the company revealed that the SEC issued subpoenas relating to 2009 sales transactions.
The complaints allege that Canadian Solar, Arthur Chien and Shawn Qu made false and/or misleading statements and/or failed to disclose information that made the company's financial statements materially false and misleading at all relevant times.