Securities Lawsuit Investigation | Company: JinkoSolar’s Subsidiary, Zhejiang Jinko | For: Water Contamination Due To Waste Water Disposal, Improperly Disposing Of Solid Waste Materials
Gilman Law LLP, a leading national securities law firm, is actively investigating JinkoSolar Holdings Company for their fraudulent business practices and allegations of improperly disposing of solid waste materials during its production of silicon wafers.
On September 19, China’s Environmental Protection Bureau demanded JinkoSolar’s subsidiary, Zhejiang Jinko, to clean up the contaminated portions of the river which contained excessive levels of fluoride when the waste was swept into the river. They have further demanded them to take immediate measures to improve their waste treatment procedures.
This is not the first violation by the Company. They have repeatedly been cited for violations, including most recently in April when Zhejiang Jinko’s waste disposal system failed regulatory checks.
After this news was released on September 19, shares of JKS fell 28% to close at $6.50 per share.
For over 30 years, the lawyers at Gilman Law have been involved in all major aspects of securities fraud litigation. The firm focuses on cases involving mergers & acquisitions, stock manipulation, securities fraud, and shareholder rights violations. If you have purchased or acquired shares of JinkoSolar Company (NYSE: JKS), and either lost money on the transaction or still hold the shares, you may contact Gilman Law LLP, to discuss your rights.
Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits. Gilman Law has recovered over a billion dollars for its clients and can help you recover any losses that you might incur as a result of Jinko’s fraudulent practices. For a free evaluation of your case or to obtain additional information, please fill out the form on the left or CALL TOLL FREE (888) 252-0048.
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