ATLANTA, Dec. 2, 2008 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of the federal securities laws by JA Solar Holdings Co., LTD ("JA Solar" or the "Company") (Nasdaq:JASO). The investigation focuses on allegations the Company failed to disclose that it purchased from a subsidiary of Lehman Brothers Inc. ("Lehman Brothers") a three month, $100 million note at a time Lehman Brothers was under severe financial distress. Upon disclosing that it had to write off the entire investment, JA Solar's American Depository Shares ("ADRs") traded at $2.38, a price that represented a decline of more than 87% from its high during the previous three month period.
Shareholders who purchased JA Solar ADRs between August 12, 2008 and November 12, 2008 with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.