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JASO.US
id: 557

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

S.D. New York
Court
18-CV-12083
Case number
20 Nov 2017
Class period Start
16 Jul 2018
Class period End
08 Jul 2023
Claim deadline
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.
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Filing date
20 December 2018
Plaintiffs
Altimeo Asset Management, ODS Capital LLC
Attorneys
Labaton Sucharow LLP (New York, NY), Pomerantz LLP (New York, NY)
Defendants
Baofang Jin, Shaohua Jia
Judge
Hon. Andrew L. Carter, Jr.
Administrator
KCC
Court hearing date
13 July 2023
Exclusion deadline
22 June 2023
Objection deadline
22 June 2023
Hearing deadline
22 June 2023
Trades matching type
FIFO
+$21,000,000
Cash Settlement Amount

JA Solar Holdings Co. Ltd

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 produ...

    Ticker
    JASO.US
    Sector
    Other
    Industry
    Other
    Country
    USA
    Address
    Building No.8, Noble Center, Automobile Museum East Road, Fe 100070,Beijing,CHN