The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR) resulting from allegations that the company may have issued materially misleading financial statements and business information to the investing public.
On June 17, 2011 the Company issued a press release announcing that Robert B. Leckie had resigned from the Company’s Board of Directors “as a result of concerns that his views on process and best practices were not necessarily shared throughout the Company.” A-Power stated that the resignation was not prompted by any disagreement with A-Power on any matter relating to the Company’s operations, policies, or practices.
Later in the day, however, an article was published on Seeking Alpha raising a number of red flags of fraud at the Company, including allegations that the 2009 financial statements filed by A-Power’s main subsidiaries with Chinese regulators showed less than one-tenth of the revenue and cash balances, which appear in A-Power’s financial statements filed with the SEC.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of A-Power Energy Generation Systems, Ltd. securities to recover their investment losses. If you purchased A-Power securities, please visit the website at
to participate in the class action and to obtain more information. You may also contact Phillip Kim of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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