JinkoSolar Holding Co., Ltd. - Securities Class Action

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Copyright (c) 2001
Stanford Law School

JinkoSolar Holding Co., Ltd. Summary: According to a press release dated October 11, 2011, the Plaintiffs allege violations of the federal securities laws in connection with false statements released surrounding its IPO.

Based in the People’s Republic of China, the Company launched an IPO in the United States on May 13, 2010 issuing 5,835,000 ADSs to trade on the New York Stock Exchange, representing 23,340,000 ordinary shares. In the IPO Prospectus, Registration Statement, and subsequent SEC filings, the Company assured investors that it was in full compliance will all PRC environmental regulations.

Last month, after a massive die-off of fish in a river adjacent to the Company’s primary manufacturing facility in Haining, hundreds of local residents protested and eventually ransacked the facility. 31 people were detained by police, and the facility was shut for several weeks. The Company has since admitted that it was responsible for the environmental contamination and agreed to take remedial action. The Company admitted at a press conference, “we cannot shirk responsibility for the legal consequences which have come from management slips.” Following the disclosure of the contamination, the Company’s ADSs lost more than 42% of their value in a single week, wiping out millions of dollars of shareholder value.

On March 19, 2012, the Court approved the appointment of lead plaintiff and co-lead counsels.

INDUSTRY CLASSIFICATION:
SIC Code: 3674
Sector: Technology
Industry: Semiconductors

COMPANY/ISSUER NAME:	JinkoSolar Holding Co., Ltd.
COMPANY/ISSUER TICKER:	JKS
COMPANY WEBSITE:	http://www.jinkosolar.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Marco Peters, et al. v. JinkoSolar Holding Co., Ltd., et al.

COURT: S.D. New York	DOCKET NUMBER: 11-CV-07133
JUDGE NAME: Hon.J. Paul Oetken
DATE FILED: 10/11/2011	SOURCE:
CLASS PERIOD START: 05/13/2011	CLASS PERIOD END: 09/21/2011
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Sianni & Straite LLP , New York, , (voice) , (fax) , Zamansky & Associates LLC 50 Broadway - 32nd Floor, New York, NY, 10004 (voice) 212.742.1414, (fax) 212.742.1177, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violation of the Federal Securities Laws
Type: Complaint		Date on the document: 10/11/2011
Memorandum And Order
Type: Order		Date on the document: 03/19/2012
U.S. District Court Civil Docket
Type: Docket		Date on the document: 03/19/2012

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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