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Home Legal A-Power Energy Generation System Company Securities Litigation

A-Power Energy Generation System Company Securities Litigation

You possibly get a payment from A-Power Generation System, Ltd (hereafter referred as A-Power) Securities Litigation if you purchased or otherwise acquired the securities of the company from March 17th, 2008 through June 27th, 2011. Don’t miss the opportunity to protect your interests.

A-Power Securities Litigation Instructions
On March 17th, 2008, A-Power, certain of its officers and directors, and MSCM were accused of violating the federal securities laws by allegedly making false and misleading statements to the investing public. Plaintiffs argue that the Defendants failed to disclose certain significant transactions and the financial statements of A-Power from December 31st, 2008 to 2009 overstated its actual revenues and total assets but understated total liabilities in violation of GAAP. Due to the neutral decision by the Court and mutual compromise of the Parties, a settlement is reached after extensive negotiations.

If you purchased or otherwise acquired the securities of A Power Energy Generation Systems, Ltd. during the period from March 17, 2008 through and including June 27, 2011, you could get a payment from a class action settlement (the “Settlement”). When the Settlement is finally approved the Court, the Lead Plaintiffs and the Class Settlement members are available to payment calculated as $ 3,675,000 plus interest.

The only way for you to get the payment is to submit a Claim Form no later than July 13, 2013. Enter classaction.kccllc.net/apowerlitigation and download the Proof of Claim Form.

If you are a broker or nominee, you may submit an electronic claim by clicking the appropriate link in the website for more information and directions.

If you would like to exclude yourself, you must mail your exclusion request no later than August 1st, 2013. Besides, you may object against the Settlement by mail no later than August 1st, 2013, or you can come to the hearing at your own expense on August 22nd, 2013. The attendance is not mandatory as Class Counsel will answer any question the Court may have.

You may also view some Court documents and plans of Distributions in the website for free. If you still have questions concerning the Settlement or other ones, you may refer to FAQ and Active Cases at the top right of the homepage.

About A-Power
A-Power, founded in 2003, is a British Virgin Islands Corporation. Its headquarter is in Shenyang, Liaoning, China. It is the largest provider of distributed power generation system and focuses on energy- efficient and environmentally friendly projects. In 2008, A-Power joined the wind energy market and established the largest wind turbine manufacturing facility. During a short period of several years, A-Power has achieve the leaping development.

Reference Links

  1. A-Power Official Website – apowerenergy.com
  2. A-Power on Facebook – 

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