First Solar Shareholders Win Class Cert. In Fraud Case

Law360, New York (October 09, 2013, 7:49 PM ET) -- An Arizona federal court on Tuesday certified a class of shareholders accusing First Solar Inc. officers and directors of making misrepresentations to investors to inflate the company's stock price, saying that common issues of the class predominated under the fraud on the market theory.

U.S. District Judge David G. Campbell granted certification to a class of shareholders who purchased First Solar stock between April 30, 2008. and Feb. 28, 2012.

The issue of certification turned on the predominance requirement of Rule 23(b)(3) of the Federal Rules...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required