Energy Company Agrees To $350M Settlement In Investor Class Action

(January 7, 2020, 1:28 PM EST) -- PHOENIX — Energy company First Solar Inc. will pay $350 million to settle securities class action claims that it and several of its current and former executive officers concealed manufacturing defects with the company’s solar panel products from investors, causing First Solar’s stock to trade at an artificially high rate, the company announced in a Jan. 6 press release (Mark Smilovits v. First Solar Inc., et al., No. 12-555, D. Ariz.)....

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