Investigation Overview
According to a press release a law firm is currently on behalf Solar Holdings Co., LTD (NASDAQ:JASO) investors, which purchased JA Solar ADRs between August 12, 2008 and November 12, 2008, investigating possible violations of the federal securities laws by JA Solar Holdings Co., LTD (NASDAQ:JASO)
According to the press release the investigation focuses on allegations that JA Solar Holdings Co., LTD failed to disclose that it purchased from a subsidiary of Lehman Brothers Inc. (Lehman Brothers) a three month, $100 million note at a time Lehman Brothers was under severe financial distress. Upon disclosing that it had to write off the entire investment, JA Solars American Depository Shares (ADRs) traded at $2.38, a price that represented a decline of more than 87% from its high during the previous three month period, so the investigation.