|[March 29, 2014]
The Rosen Law Firm Announces Investigation of Securities Claims Against ReneSola Ltd.
NEW YORK --(Business Wire)--
The Rosen Law Firm announces that it is investigating potential
securities fraud claims against ReneSola Ltd. (NYSE: SOL) resulting from
allegations that the Company may have issued materially misleading
business information to the investing public.
On March 26, 2014, ReneSola announced, "it has been selected as one of
the respondents in the United States Department of Commerce's
anti-dumping investigation on certain crystalline silicon photovoltaic
products from China." On this adverse news, shares of ReneSola fell
$0.55 per share, or approximately 14%, to close at $3.37 on March 26,
2014 damaging investors.
On March 27, 2014, ReneSola elaborated on the anti-dumping investigation
and stated "[t]his investigation may result in certin retroactive
tariffs being applied on products shipped to the United States." The
Company further stated that "[i]n the interests of our clients and
investors, we are temporarily reducing our U.S. product shipments in
question." On this adverse news, shares of ReneSola fell $0.19 per
share, or approximately 6%, to close at $3.18 on March 27, 2014 further
The Rosen Law Firm is preparing a securities class action lawsuit on
behalf of ReneSola investors. If you purchased ReneSola stock before
March 26, 2014, please visit the website at http://rosenlegal.com
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
Attorney Advertising. Prior results do not guarantee a similar outcome.
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