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NEW YORK, July 20, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights firm, reminds purchasers of Yingli Green Energy Holding Co. Ltd. (NYSE:YGE) common stock from March 18, 2014 through May 15, 2015, inclusive (the "Class Period") of the important July 27, 2015 lead plaintiff deadline in the class action. The lawsuit seeks to recover investors' losses under the federal securities laws.
To join the Yingli class action, visit the firm's website at http://www.rosenlegal.com/cases-626.html, or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com for information on the class action.
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. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The complaint alleges that defendants during the Class Period made false and/or misleading statements, and failed to disclose material adverse facts about the Yingli's business, operations, prospects and performance. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Yingli was inappropriately recognizing revenue; (2) Yingli had no reasonable prospects to collect on certain accounts receivable based on historical customer conduct; (3) Yingli was no longer able to borrow from commercial banks to fund its operations; (4) Yingli's inability to raise additional capital or borrow funds from commercial banks threatened Yingli's ability to continue as a going concern; and, (5) that, as a result of the foregoing, defendants' statements about Yingli's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
On March 25, 2015, Yingli announced its 2014 fiscal financial results. Yingli had a net loss of $88.7 million on revenue of $555.5 million, which was substantially below its guidance and analysts' expectations. On this news, shares of Yingli fell $0.35 per share to close at $1.99 per share on March 25, 2015, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-626.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 firstname.lastname@example.org email@example.com firstname.lastname@example.org www.rosenlegal.comNEXT ARTICLE
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