| Company: | A-Power Energy Generation Systems, Ltd |
| Ticker Symbol: | APWR |
| Class Period: | Aug-27-09 to Jun-27-11 |
| Date Filed: | Jul-6-11 |
| Lead Plaintiff Deadline: | Sep-4-11 |
| Court: | District of Nevada |
| Allegations: | |
The complaint alleges that during the Class Period, defendants violated federal securities laws by issuing false and misleading statements regarding the Company's business and financial results. In particular, the Complaint alleges that the Company lacked adequate internal controls to properly account for A-Power's related-party transactions. As a result of the defendants' false statements, A-Power's stock traded at artificially inflated prices during the Class Period.
On June 26, 2011, A-Power's independent auditor resigned, citing the Company's failure to retain a "qualified independent forensic accounting firm to evaluate certain business transactions..." As a result of this resignation, the Company announced that it would delay filing its Form 20-F for the fiscal year ending December 31, 2010. Upon this news, NASDAQ halted trading of A-Power stock at the end of business on June 27, 2011.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
