WASHINGTON, USA: Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of First Solar Inc.
The investigation focuses on potential liability arising from First Solar’s reporting of payments for replacement of defective solar panels it manufactured. First Solar’s 2011 yearly report revealed $125.8 million in warranty payments for the fourth quarter, nearly doubling the Company’s total exposure since announcing the defect in 2010. The payments resulted in First Solar recording a loss for the year.
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