Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 14, 2012 to file lead plaintiff applications in a securities class action lawsuit against First Solar Inc. (Nasdaq: FSLR) ("First Solar" or the "Company"), if they purchased the Company’s securities during the period between April 30, 2008 and February 28, 2012, (the "Class Period").
What You May Do
If you purchased shares of First Solar and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (
), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (
), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 14, 2012.
About the Lawsuit
First Solar and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On February 29, 2012, shares of First Solar declined $4.10 per share, to close at $32.30 per share, after the Company belatedly disclosed disappointing quarterly and year-end results, and after the Company reported charges of $164 million and a decrease of $345 million in quarterly net sales due, to the timing of revenue recognition.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit