LOS ANGELES--(BUSINESS WIRE)--
Glancy
Prongay & Murray LLP reminds investors of the upcoming deadline
in the class action complaint filed on behalf of a class comprising
purchasers of the securities of Yingli Green Energy Holding, Co.
("Yingli" or the "Company") (NYSE: YGE) between March 18, 2014 and
May 15, 2015, inclusive (the "Class Period"). Investors are
encouraged to contact Glancy Prongay & Murray LLP prior to the July
27, 2015 lead plaintiff deadline.
Yingli is one of the world's largest solar panel producers, and operates
on a high volume, low margin business model. Unbeknownst to investors
the Company allegedly has overstated certain material accounting items,
suffers severe liquidity problems, and may not be able to keep its
production lines running in the near term.
The complaint filed on behalf of Yingli investors alleges that
defendants made allegedly false and/or misleading statements and/or
allegedly failed to disclose that: (1) that the Company was
inappropriately recognizing revenue; (2) that the Company had no
reasonable prospects to collect on certain accounts receivable based on
historical customer conduct; (3) that the Company was no longer able to
borrow from commercial banks to fund its operations; (4) that the
Company's inability to raise additional capital or borrow funds from
commercial banks threatened its ability to continue as a going concern;
and, (5) that, as a result of the foregoing, Defendants' statements
about Yingli's business, operations, and prospects were false and
misleading and/or lacked a reasonable basis. When the truth was revealed
to investors, the Company's share price declined sharply thereby
damaging investors.
If you purchased Yingli securities during the Class Period, you may move
the Court no later than July 27, 2015, if you have information or would
like to learn more about these claims, or have any questions concerning
this announcement, please contact Lesley
Portnoy, of Glancy Prongay & Murray LLP, 1925 Century Park East,
Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to [email protected],
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150714006295/en/
