Rosen Law Firm Reminds Suntech Power Holdings Co. Ltd. of Important Class Action Deadline -- STP

Published on Saturday, 18 August 2012 01:01 Written by TradersHuddle Staff

NEW YORK, Aug. 18, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the October 1, 2012 lead plaintiff deadline in the class action lawsuit filed by the firm on behalf of purchasers of the securities of Suntech Power Holdings Co. Ltd. (NYSE:STP) between August 18, 2010 and July 30, 2012.

To join the Suntech class action, visit the firm's website at http://rosenlegal.com or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email This e-mail address is being protected from spambots. You need JavaScript enabled to view it. for information on the class action.

The Complaint asserts violations of the federal securities laws against Suntech and its present and former officers and directors for issuing false and misleading information to investors about the Company's financial and business condition. Specifically, defendants misrepresented and/or failed to disclose that over 560 million (EURO) of German government bonds pledged to Suntech in connection with a loan guarantee Suntech made for a related entity, did not exist. When these adverse facts were learned by the market, the value of Suntech securities dropped, damaging investors.   Recently, Suntech's CEO unexpectedly resigned.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

If you wish to serve as lead plaintiff, you must move the Court no later than October 1, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. . You may also visit the firm's website at http://www.rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Weekends Tel: (917) 562-8616
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827
         
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         www.rosenlegal.com