einem Euro. Aber so wie es aussieht, dürfte es noch viel tiefer gehen. Vermutlich stehen die die Windkraftanlagen von A-Power auf den Waldbeständen von Sino Forest:
The Rosen Law Firm Announces Investigation of A-Power Energy Generation Systems, Ltd.Companies:A-Power Energy Generation Systems, Ltd.
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Press Release Source: The Rosen Law Firm, P.A. On Friday June 17, 2011, 8:15 pm EDT
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR - News) resulting from allegations that the company may have issued materially misleading financial statements and business information to the investing public.
On June 17, 2011 the Company issued a press release announcing that Robert B. Leckie had resigned from the Company?s Board of Directors ?as a result of concerns that his views on process and best practices were not necessarily shared throughout the Company.? A-Power stated that the resignation was not prompted by any disagreement with A-Power on any matter relating to the Company?s operations, policies, or practices.
Later in the day, however, an article was published on Seeking Alpha raising a number of red flags of fraud at the Company, including allegations that the 2009 financial statements filed by A-Power?s main subsidiaries with Chinese regulators showed less than one-tenth of the revenue and cash balances, which appear in A-Power?s financial statements filed with the SEC.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of A-Power Energy Generation Systems, Ltd. securities to recover their investment losses. If you purchased A-Power securities, please visit the website at
http://rosenlegal.com to participate in the class action and to obtain more information. You may also contact Phillip Kim of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact:
The Rosen Law Firm P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: 212-686-1060
Weekends Tel: 917-797-4425
Toll Free: 1-866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com