Schall, Brown & Schwartz says First Solar investors may seek lead plaintiff role
Schall, Brown & Schwartz LLP says a proposed class action against First Solar alleges misleading statements about tariff impacts and shifting operations to the United States.
Schall, Brown & Schwartz LLP said Wednesday that investors who bought First Solar, Inc. shares during a stated class period may contact the firm about possible lead plaintiff appointment in a securities fraud class action.
The law firm’s press release said the case concerns First Solar, which trades on Nasdaq under the ticker FSLR, and alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
According to the press release, the filing claims First Solar made false and misleading statements about its ability to blunt the impact of tariffs and to move operations from Malaysia and Vietnam to the United States. The stated class period runs from Feb. 26, 2025, through Feb. 24, 2026.
The release said investors who purchased FSLR shares during that period can contact the firm about serving as lead plaintiff, but lead plaintiff status is not required to share in any recovery if the case succeeds. It also said the class has not yet been certified.
Schall, Brown & Schwartz LLP identified Brian Schall and David Schwartz as contacts in the release and provided the firm’s Los Angeles address and phone number.
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