Judge Asked To Approve $4.5M JA Solar Settlement

Law360, New York (June 3, 2011, 10:09 PM EDT) -- The lead plaintiff in a securities class action against JA Solar Holdings Co. Ltd. urged a New York federal judge Friday to approve a $4.5 million settlement, calling it a win for investors whose shares took a dive when a bad investment came to light.

Ellen Gusikoff Stewart of Robbins Geller Rudman & Dowd LLP, who represents lead plaintiff Bill Chen, submitted court documents urging approval of the agreement reached in January that would allow counsel to take 30 percent of the settlement fund. The settlement...
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