In Re LDK Solar Securities Litigation
District Court, N.D. California
1Opinion of the Court
ORDER DENYING DEFENDANTS’ MOTION TO DISMISS
WILLIAM ALSUP, District Judge.
INTRODUCTION
In this federal securities action, a consolidated class of securities purchasers is suing defendant companies LDK Solar Co., Ltd., Jiangxi LDK Solar, and LDK Solar USA, Inc., and individual defendants Xiaofeng Peng, Jack Lai, Xingxue Tong, Qiqiang Yao, Liangbao Zhu, Yonggang Shao, and Gang Wang for materially overstating the quantity and value of their inventory. Once the market realized the alleged discrepancies, the value of LDK securities dropped. Defendants now move to dismiss this action for failure to…
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