NEW YORK, Aug. 31, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important October 1, 2012 lead plaintiff deadline in the class action lawsuit on behalf of purchasers of the stock of Suntech Power Holdings Co. Ltd. (NYSE:STP) between August 18, 2010 and July 30, 2012.
To join the Suntech class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.
The Complaint asserts violations of the federal securities laws against Suntech and its present and former officers and directors for issuing false and misleading information to investors about the Company's financial and business condition. Specifically, defendants misrepresented and/or failed to disclose that over 560 million (EURO) of German government bonds pledged to Suntech in connection with a loan guarantee Suntech made for a related entity, did not exist. When these adverse facts were learned by the market, the value of Suntech securities dropped, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than October 1, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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