Investors Seek Class Status In LDK Solar Suit

Law360, New York (August 28, 2008, 12:00 AM EDT) -- Investors are fighting for class certification in a lawsuit alleging LDK Solar Co. Ltd. and its executives committed a “massive” securities fraud by inflating the value of the company’s inventory of raw materials and understating the costs of producing solar wafers, which are used in devices that convert sunlight into electricity.

The plaintiffs said in court documents filed Thursday in the U.S. District Court for the Northern District of California that the case was “perfectly suited” for treatment on a classwide basis because the class is...
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