June 30, 2020. The Court in the First Solar securities matter (District Court of Arizona) approved the parties’ agreement to settle for $350 million. Plaintiffs alleged that First Solar failed to disclose that certain of its solar modules were knowingly defective yet were sold to customers. First Solar allegedly engaged in accounting fraud with respect to the defective products. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and deposition testimony on issues of market efficiency, loss causation, damages, and the plan of allocation.


Additional information about the settlement is available here.