Class Certified In LDK Solar Securities Suit

Law360, New York (January 28, 2009, 12:00 AM EST) -- Investors have won 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.

In an order in the case Wednesday, Judge William Alsup of the U.S. District Court for the Northern District of California approved a class of all persons who purchased LDK American depository shares, purchased call options...
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