NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities fraud claims against ReneSola Ltd. (NYSE: SOL) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
On March 26, 2014, ReneSola announced, “it has been selected as one of the respondents in the United States Department of Commerce's anti-dumping investigation on certain crystalline silicon photovoltaic products from China.” On this adverse news, shares of ReneSola fell $0.55 per share, or approximately 14%, to close at $3.37 on March 26, 2014 damaging investors.
On March 27, 2014, ReneSola elaborated on the anti-dumping investigation and stated “[t]his investigation may result in certain retroactive tariffs being applied on products shipped to the United States.” The Company further stated that “[i]n the interests of our clients and investors, we are temporarily reducing our U.S. product shipments in question.” On this adverse news, shares of ReneSola fell $0.19 per share, or approximately 6%, to close at $3.18 on March 27, 2014 further damaging investors.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of ReneSola investors. If you purchased ReneSola stock before March 26, 2014, please visit the website at http://rosenlegal.com for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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