SBS says First Solar investors may join securities class action over tariff claims
Schall, Brown & Schwartz LLP says investors in First Solar may be eligible to join a securities class action tied to alleged misleading statements about tariffs and operations.
Schall, Brown & Schwartz LLP said Aug. 6 that it is reminding investors about a securities class action against First Solar, Inc. over alleged false or misleading statements about tariffs and the company’s operations in Malaysia, Vietnam and the United States.
The law firm said the proposed class covers investors who bought First Solar shares between Feb. 26, 2025, and Feb. 24, 2026. The release says the complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
Why it matters
The press release says the lawsuit centers on whether First Solar accurately described its ability to reduce tariff effects and move operations to the United States. For investors who traded during the stated period, the notice says the case could affect whether they pursue claims in the action.
Context and background
According to the release, the complaint alleges First Solar made false and misleading statements to the market, including claims about its ability to mitigate the impact of tariffs and its ability to shift operations from Malaysia and Vietnam to the United States. The release says the company’s public statements were false and materially misleading throughout the class period.
The press release also says the class has not yet been certified. It says absent class members would not be represented by an attorney unless they take action, and it says lead plaintiff status is not required to share in any recovery if one follows.
What the firm said
The release identifies Schall, Brown & Schwartz LLP as a national shareholder rights litigation firm and says investors who purchased FSLR shares during the class period can contact the firm about possible lead plaintiff appointments. It lists Brian Schall and David Schwartz as contacts.
The notice provides the firm’s Los Angeles address, phone number, website and email address for investors seeking more information.
What happens next
Any next step in the case would depend on the court process and whether investors choose to contact the firm. The release does not provide a docket number, filing date or judge.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
View the Web StoryA visual, tap-through version of this reportThis is the AMP version of the article. Read the full article on Atlas Watchline.