METAIRIE, La., Aug. 24, 2007 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, L.L.C. ("O'Bell") announces that it has commenced an investigation into China Sunergy Co Ltd. ("China Sunergy" or the "Company") (Nasdaq:CSUN) to determine whether it has violated federal securities laws in connection with its May 2007 public stock offering. Shares of the company fell to an intra-day low of $4.97 after the solar cell maker announced that is has posted a quarterly loss, cut its production target for the year, and said its chief financial officer James Shaofeng Qi will step down. Shares of China Sunergy went public at $11 per share.
If you are a China Sunergy shareholder, and/or have information that would assist in this ongoing investigation, or have other questions relating any loss you've suffered in your investment, you may e-mail or call O'Bell, without obligation or cost to you. You may contact Eric J. O'Bell personally at 504-456-8677, or by email at ejo@obelllawfirm.com.