JinkoSolar Failed To Disclose Sludge Dumping: Investor

Law360, New York (October 12, 2011, 7:25 PM EDT) -- An investor lodged a putative class action in New York on Tuesday alleging JinkoSolar Holding Co. Ltd. failed to disclose that employees at one of the Chinese energy company's plants were dumping toxic sludge into a nearby river.

The suit, brought by investor Marco Peters individually and on behalf of all other investors who acquired JinkoSolar American Depository Shares on the New York Stock Exchange, contends that the company made material omissions and misrepresentations to investors concerning its environmental track record.

The plaintiffs' attorney Jacob Zamansky...
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