LOS ANGELES, June 22, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Sky Solar Holdings, Ltd. (“Sky Solar” or the “Company”) (Nasdaq:SKYS) concerning possible violations of federal securities laws. Investors who purchased or otherwise acquired shares (1) pursuant and/or traceable to the Company’s initial public offering (“IPO”) on or about November 18, 2014; and/or (2) on the open market between November 14, 2014 through June 12, 2017 inclusive (the “Class Period”), should contact the firm prior to the August 15, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Sky Solar made false and/or misleading statements, and/or failed to disclose that: the Company’s Code of Business Conduct and Ethics and its enforcement by the Board of Directors were inadequate to detect and/or deter misconduct by its officers and directors; that Sky Solar’s founder, Weili Su, was involved in undisclosed misconduct during his tenure; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. When this information was released, shares of Sky Solar fell in value, which harmed investors according to the Complaint.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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