LOS ANGELES–(BUSINESS WIRE) – Schall law firm, a national shareholder rights law firm, announces the filing of a class action lawsuit against Sky Solar Holdings, Ltd. ("Sky" or "The Company") (NASDAQ: SKYS) known for violating federal securities laws.
Investors who purchased the Company's securities between July 6, 2020 and July 17, 2020 (including the “Class Period”) are advised to contact the Company before September 15, 2020.
If you are a shareholder who has suffered a loss, click here to participate.
We also recommend that you contact Brian Schall of the Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the company's website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you take no action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements about the market. Documents issued in support of Sky's merger with one group (the “Supplier Group”) were inadequate in several ways. The Company's documents did not meet the disclosure requirements under Rule 13e-3 regarding transaction fairness and the assessment performed by the vendor group. The documents also failed to meet the requirements of Rule 13e-3 regarding the availability of judgment or other shareholder rights. The company claimed there would be no judgment rights as a short-term merger under Cayman law does not require a shareholder vote. Based on these facts, the company's public statements throughout the teaching period were incorrect and essentially misleading. When the market learned the truth about Sky, investors suffered damage.
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The law firm Schall represents investors all over the world and specializes in class actions and shareholder litigation.
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