Class Action against LDK Solar Co., Inc.
Class Action News
[##_1L|1209255402.jpg|width="120" height="138" alt=""|_##]Murray, Frank & Sailer LLP has filed a class action in the Southern District of New York on behalf of shareholders who purchased or otherwise acquired the securities of LDK Solar Co., Inc. during the period June 1, 2007 through October 8, 2007, inclusive (the “Class Period”). The case has been given Civil Action # 07civ8766. The complaint charges LDK and certain of its officers and directors with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company had significantly less polysilicon feedstock inventory than it was reporting; (2) that only a fraction of the feedstock inventory that the Company did have was of sufficient quality for use in the manufacture of silicone wafers; and (3) that, as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.
If you are a member of the proposed Class, you may move the court no later than December 7, 2007 to serve as a lead plaintiff for the Class. A Lead Plaintiff is a representative chosen by the Court, who acts on behalf of other class members in directing the litigation.
Murray, Frank & Sailer LLP and its predecessor firms have devoted its practice to shareholder class actions and complex commercial litigation for more than fifteen years and have recovered hundreds of millions of dollars for shareholders in class actions throughout the United States. You may visit our website at www.murrayfrank.com. If you would like to discuss this action, this announcement, or your rights and interests, please contact plaintiff’s counsel Brian D. Brooks of Murray, Frank & Sailer LLP.
Related listings
-
Supreme Court lets H-P/Compaq suit proceed
Class Action News 10/11/2007[##_1L|1363502209.jpg|width="104" height="138" alt=""|_##]A class-action lawsuit alleging Compaq Computer Corp. sold defective computers can proceed, the U.S. Supreme Court ruled on Tuesday. Compaq, which was founded in 1982 and bought by Palo Alto-b...
-
Shareholder Class Action Filed Against Opteum Inc.
Class Action News 10/10/2007The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of Florida on behalf of...
-
Judge allows class action over Target Web site
Class Action News 10/05/2007[##_1L|1012708504.jpg|width="130" height="132" alt=""|_##]A federal judge granted class-action status to a lawsuit alleging that Target Corp. is breaking California and federal law by failing to make its Web site usable for the blind. The plaintiffs ...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.