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Smilovits v. First Solar Incorporated et al

  1. January 06, 2020

    $350M Deal Staves Off Trial In Solar Co. Stock-Drop Suit

    Solar panel manufacturer First Solar Inc. said Monday it will pay $350 million to settle claims from a class of investors that it fraudulently inflated stock prices, a deal announced on the eve of a jury trial in the case.

  2. August 12, 2015

    First Solar Can Appeal Over 9th Circ.'s Loss Causation Rift

    An Arizona federal judge on Monday denied most of First Solar Inc.'s summary judgment motion against shareholders claiming the solar panel manufacturer fraudulently inflated stock prices, but certified his ruling for immediate appeal because of diverging Ninth Circuit case law on loss causation.

  3. March 30, 2015

    First Solar Says Shareholders' Fraud Claims Lack Evidence

    First Solar Inc. told an Arizona federal court Friday that a class of shareholders claiming some of the energy company's executives misrepresented financial information to inflate stock prices have no evidence to support their claims.

  4. October 09, 2013

    First Solar Shareholders Win Class Cert. In Fraud Case

    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.

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