Tuesday, January 7, 2014

Suntech: "Court Dismisses Would-Be Class Action Against Chinese Comp"

"The U.S. District Court for the Northern District of California Dec. 26 dismissed, with leave to amend, would-be class shareholder claims that a solar energy company based in China and its former and current executives made material misrepresentations or omissions in connection with certain government bonds pledged by a third party as a part of a loan guarantee by the company that did not actually exist (Bruce v. Suntech Power Holdings Co., Ltd., N.D. Cal., No. CV 12-04061 RS, 12/26/13)."

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