SOURCE: Izard Nobel LLP

October 27, 2011 17:32 ET

Izard Nobel LLP Announces Class Action Lawsuit Against JinkoSolar Holding Co., Ltd.

WEST HARTFORD, CT--(Marketwire - Oct 27, 2011) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the American Depository Shares ("ADSs") of JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS) between May 13, 2010 and September 21, 2011 (the "Class Period"). Also included are those who purchased in the May 13, 2010 initial public offering ("IPO").

The Complaint charges that JinkoSolar and certain of its officers and underwriters violated federal securities laws. JinkoSolar, a manufacturer of solar power products based in the People's Republic of China, launched an IPO on May 13, 2010. In the IPO Prospectus, Registration Statement, and subsequent SEC filings, JinkoSolar assured investors that it was in full compliance will all PRC environmental regulations.

Last month, after a massive die-off of fish in a river adjacent to JinkoSolar's primary manufacturing facility in Haining, hundreds of local residents protested and eventually ransacked the facility. The facility was closed for several weeks. JinkoSolar has since admitted that it was responsible for the environmental contamination and agreed to take remedial action. JinkoSolar admitted that "we cannot shirk responsibility for the legal consequences which have come from management slips." Following this disclosure, JinkoSolar's ADSs lost more than 42% of their value in a single week.

If you are a member of the class, you may, no later than December 12, 2011, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/jinkosolar/, or contact Izard Nobel LLP toll-free: (800)797-5499, or by e-mail: firm@izardnobel.com. For more information about class action cases in general, please visit our website: www.izardnobel.com.

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