#United States #New York #Securities Fraud #Pomerantz Law Firm #JinkoSolar

Pomerantz Law Firm Investigates Potential Securities Fraud at JinkoSolar

The Pomerantz Law Firm has initiated an investigation regarding claims from investors of JinkoSolar Holding Co., Ltd. (NYSE: JKS). This investigation focuses on whether the company and certain directors or officers might have engaged in securities fraud or other illegal business practices. Investors who believe they may be affected are encouraged to contact Danielle Peyton directly.

Recent Financial Hardships

On January 17, 2025, JinkoSolar released preliminary estimates for its unaudited financial results for the year 2024, which indicated troubling news for shareholders. The company's estimates suggest that net income for the fiscal year is projected to be in a shocking range of 80 million to 120 million yuan, translating to a severe decline of more than 98% compared to previous figures. Moreover, JinkoSolar anticipates reporting a pre-tax loss attributable to shareholders between 750 million to 1.05 billion yuan, signifying a projected loss increase of up to 115.2% from last year.

Following the announcement of these preliminary financial results, the price of JinkoSolar's American depositary receipt (ADR) dropped considerably—by $2.30 or roughly 9.77%, closing at $21.24 per ADR. This swift decline has certainly alarmed investors, prompting the ongoing investigation by Pomerantz LLP.

What This Means for Investors

The investigation led by Pomerantz LLP appears to be a critical step for shareholders concerned about the company's future. The firm, known for its expertise in class-action litigation, recognizes the importance of addressing potential securities fraud, fiduciary breaches, and corporate misconduct. Given its history, Pomerantz LLP endeavors to ensure that the rights of affected shareholders are vigorously protected and that any financial wrongdoing is appropriately addressed.

Founded by the late Abraham L. Pomerantz, who pioneered the field of securities litigation, Pomerantz LLP continues to uphold his legacy by representing victims of corporate fraud and misconduct. Over its 85-year history, the firm has recovered billions in damages for its clients, further solidifying its reputation as a leading firm in the realm of corporate, securities, and antitrust class actions.

How to Join the Investigation

Investors who hold shares in JinkoSolar and feel their interests may be compromised by the company’s latest conduct are urged to reach out to Pomerantz LLP. Individuals can directly contact Danielle Peyton by either via email or by calling the provided number.

While this inquiry unfolds, it is advisable for investors to stay informed regarding the potential implications for their investments and participate in collective action if warranted.

For more information or if you believe you might be affected, consider reaching out to Pomerantz LLP to explore your options, including joining the class action lawsuit. Keeping abreast of developments from JinkoSolar and understanding your legal rights as an investor will be crucial during this period of uncertainty.

As the financial landscape evolves and corporations face increased scrutiny, the actions taken by firms like Pomerantz LLP are pivotal in holding companies accountable to their shareholders, promoting transparency, and ensuring lawful practices within the market.

Contact Information:
Danielle Peyton
Pomerantz LLP
Email: [email protected]
Phone: 646-581-9980 ext. 7980
Visit Pomerantz LLP for more details.