NEW YORK, June 19, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired American Depositary Shares of Yingli Green Energy Holding
Company Limited ("Yingli") (NYSE: YGE) between March 18, 2014 and May 15,
2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the United States District Court for
the Central District of California. If you purchased or otherwise
acquired Yingli American Depositary Shares between March 18, 2014 and May 15,
2015, your rights may be affected by this
action. To get more information go to:
http://zlk.9nl.com/yingli-green-energy-yge
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that defendants made false and/or
misleading statements and/or failed to disclose that: (a) the
Company was inappropriately recognizing revenue; (b) the Company
had no reasonable prospects to collect on certain accounts
receivable based on historical customer conduct; (c) the Company
was no longer able to borrow from commercial banks to fund its
operations; and (d) the Company's inability to raise additional
capital or borrow funds from commercial banks threatened its
ability to continue.
On May 15, 2015, the Company filed
its Annual Report with the SEC, disclosing that there is doubt that
Yingli can remain solvent.
If you suffered a loss in Yingli you have until July 27, 2015 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP