Solar Co. Yingli Wins Dismissal From Securities Fraud Suit

Law360, New York (August 16, 2017, 4:24 PM EDT) -- A California federal judge on Tuesday dismissed solar power firm Yingli Green Energy Holding Co. from a securities fraud case brought by investors that accused the company of making false public statements about a Chinese government program and money it was owed, deciding there weren’t sufficient facts to sustain the suit.

Judge Otis D. Wright II dismissed the plaintiffs’ third attempt at asserting allegations under the Securities Exchange Act and did not allow them to amend and try for a fourth time. Plaintiffs, led by Noe...
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