SAN FRANCISCO, July 03, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges JinkoSolar Holding Co., Ltd. (NYSE: JKS) investors who suffered substantial losses to submit your losses now.
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JinkoSolar Holding Co., Ltd. (JKS) Investigation:
The investigation concerns JinkoSolar’s compliance with applicable U.S. laws and regulations.
JinkoSolar’s business practices came under question on May 8, 2023, when The Florida Times-Union reported that the FBI and Homeland Security executed a search warrant at the company’s solar manufacturing plant in Jacksonville, Florida.
The paper further reported that the investigation is “‘part of an ongoing federal investigation’” and “HIS’s mission is to investigate ‘transnational crimes and threats, specifically those criminal organizations that exploit the global infrastructure through which international trade, travel and finance moves.’”
Then, on May 10, 2023, Reuters reported that the authorities raided not just JinkoSolar’s Florida facility, they also raided the company’s California office.
This news drove the price of JinkoSolar’s American Depositary Shares sharply lower.
“We’re focused on investors’ losses and whether JinkoSolar may have concealed its violations of well-known U.S. trade restriction laws and possibly engaged in improper accounting,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in JinkoSolar and have substantial losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding JinkoSolar should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email JKS@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
