Energy News / Shareholders Foundation, Inc.

Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) Shareholder Alert: Lawsuit Alleges Misleading Statements

Via: ReleaseWire

Updated 10:00 AM CDT, Mon, June 08,2015

A lawsuit was filed on behalf of investors in Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares over alleged securities laws violations. Deadline: July 27, 2015. NYSE:YGE investors should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 06/08/2015 -- An investor, who purchased shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Yingli Green Energy Hold. Co. Ltd. in connection with certain allegedly false and misleading statements made between March 18, 2014 and May 15, 2015.

Investors who purchased a significant amount of shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) have certain options and for certain investors are short and strict deadlines running. Deadline: July 27, 2015. NYSE:YGE investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

More specifically, the plaintiff claims that between March 18, 2014 and May 15, 2015 made allegedly false and/or misleading statements and/or allegedly failed to disclose that the Company was inappropriately recognizing revenue, that Yingli Green Energy Hold. Co. Ltd.had no reasonable prospects to collect on certain accounts receivable based on historical customer conduct, that Yingli Green Energy Hold. Co. Ltd. was no longer able to borrow from commercial banks to fund its operations, that the Company's inability to raise additional capital or borrow funds from commercial banks threatened the Company's ability to continue as a going concern, and that, as a result of the foregoing, Defendants' statements about Yingli Green Energy's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On March 25, 2015, Yingli Green Energy Hold. Co. Ltd. reported its fourth quarter and full year 2014. Yingli Green Energy Hold. Co. Ltd. announced that its annual Total Revenue declined from $2.16 billion in 2013 to over $2.08 billion in 2014 and that its Net Loss declined from $313.85 million to $209.81 million. Yingli Green Energy Hold. Co. Ltd. also issued its business outlook for the full year 2015.

On May 15, 2015, tYingli Green Energy Hold. Co. Ltd. announced that it filed its annual report on Form 20-F for the year ended December 31, 2014 with the U.S. Securities and Exchange Commissionon May 15, 2015. Among, other things, Yingli Green Energy Hold. Co. Ltd. said that there is "substantial doubt" Yingli Green Energy Hold. Co. Ltd. can remain solvent, stating, that its substantial indebtedness and net loss may adversely affect its business, financial condition and results of operations, as well as its ability to meet its payment obligations. On May 19, 2015, a news report said that Yingli Green Energy Hold. Co. Ltd. was seeking additional investors to assist Yingli Green Energy Hold. Co. Ltd. in making payments on its debt. Shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) declined from $6.89 per share in early 2014 to as low as $0.72 per share on May 19, 2015.

Those who purchased shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/yingli-green-energy-hold-co-ltd-adr-nyseyge-shareholder-alert-lawsuit-alleges-misleading-statements-602999.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com