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Maverick Fund LDC et al v. First Solar Incorporated et al
Case Number:
2:15-cv-01156
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Judge:
Firms
Companies
Sectors & Industries:
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November 28, 2018
Maverick Capital Keeps Claims In Solar Fraud Suit
An Arizona federal judge has refused to toss the bulk of claims made by funds associated with Maverick Capital Ltd. that accused First Solar Inc. of misrepresenting the success of its solar projects in a scheme that cost investors after the problems were revealed and the stock crashed.
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June 24, 2015
First Solar Was Never Close To 'Holy Grail,' Funds' Suit Says
Several funds managed by Maverick Capital Ltd. sued First Solar Inc. in Arizona federal court on Tuesday alleging the company and its executives hid several key failings and misrepresented its progress toward achieving the "Holy Grail" of grid parity with its solar projects.