The Rosen Law Firm, P.A. announced today that it has filed a class action lawsuit against A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR) alleging violations of the federal securities laws. The Rosen Law Firm is representing A-Power shareholders seeking to recover losses in A-Power stock. To join the A-Power class action, visit the firm’s website at http://rosenlegal.com, or call Laurence Rosen, Esq. or Jonathan Horne, Esq., toll-free, at 866-767-3653; you may also email firstname.lastname@example.org or email@example.com for information on the class action. The case filed by the Rosen Law Firm is pending in the U.S. District Court for the Central District of California. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER. The Complaint alleges that A-Power and certain of its officers and directors violated the federal securities laws by issuing false and misleading financial statements. The Complaint alleges that A-Powers financial statements filed by A-Power’s main subsidiaries with Chinese regulators showed less revenue and cash balances than those filed with the SEC. As a result of this adverse news, A-Power’s share price has dropped and NASDAQ has halted trading in its stock. This has caused investors substantial losses. The class action seeks to recover these losses for A-Power investors. If you wish to serve as lead plaintiff and recover your investment losses, you must move the Court no later than August 30, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at firstname.lastname@example.org or email@example.com. You may also visit the firm’s website at http://rosenlegal.com. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
A-Power Energy Generation Systems (Nasdaq:APWR) hit a new 52-week low Monday as it is currently trading at $4.35, below its previous 52-week high of $11.15 with 4,406 shares traded as of 9:30 a.m. ET. Average volume has been 569,500 shares over the past 30 days.