Case Page

 

Case Status:    DISMISSED    
On or around 02/22/2018 (Notice of voluntarily dismissal)

Filing Date: December 19, 2017

According to the Complaint, Plaintiff, a stockholder of JA Solar Holdings Co. Ltd. (“JASO” or the “Company”) brings this action against the members of JASO’s Board of Directors (the “Board” or the “Individual Defendants”) for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934, arising out of their attempt to sell the Company to JASO Top Holdings Limited (“Topco”), JASO Holdings Limited (“Holdco”), JASO Parent Limited (“Parent”), and JASO Acquisition Limited (“Merger Sub,” and collectively with Jin, Topco, Holdco, and Parent, the “Buyer Parties”) in a go-private transaction.


On December 11, 2017, the Buyer Parties filed a Schedule 13E-3 containing a preliminary proxy statement (the “Proxy”) with the SEC. The Complaint alleges that the Proxy is materially deficient and misleading because, inter alia, it fails to disclose material information regarding the background of the process leading up to the Proposed Transaction, the financial projections for the Company provided to the Special Committee and its financial advisor, Houlihan Lokey (China) Limited (“Houlihan Lokey”), a GAAP reconciliation of the non-GAAP financial measures contained in the Company’s projections, and the financial analysis performed by Houlihan Lokey. The Complaint further alleges that without additional information, the Proxy is materially misleading in violation of federal securities laws.

This case was voluntarily dismissed on February 22, 2018.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: JASO
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 17-CV-09912
JUDGE: Hon. P. Kevin Castel
DATE FILED: 12/19/2017
CLASS PERIOD START: 11/17/2017
CLASS PERIOD END: 12/19/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Levi & Korsinsky, LLP
    30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004
    212.363.7500 212.363-7171 ·
No Document Title Filing Date