Public

JA Solar Holdings Co (JASO) agreed to pay $21 million to settle a securities class action lawsuit to avoid further litigation.

The Complaint alleged that JA Solar shareholders were misled into accepting consideration from the Merger that was well below fair value for their JA Solar shares. 

JA Solar Holdings Co. Ltd

Disbursed

Other

JA Solar Holdings Co (JASO) Securities Litigation $21M Settlement

jasolar-investors-settlement

Depository Securities (ADS, ADR, GDR)

Long

JA Solar Holdings Co., Ltd., together with its subsidiaries, designs, develops, manufactures, and sells solar power products based on crystalline silicon technologies worldwide. Its principal products include monocrystalline and multi-crystalline solar modules and cells. The company also provides monocrystalline and multi-crystalline silicon wafers; solar product processing services; and solar power plant project development and electricity generation services, as well as produces original equipment for manufacturers or customers under their brand names. It sells its solar power products to module manufacturers, system integrators, project developers, and distributors primarily under the JA Solar brand name. JA Solar Holdings Co., Ltd. was founded in 2005 and is based in Beijing, the People's Republic of China.