Thieler Law Corp advises investors with losses exceeding $100,000 of the July 27, 2015 lead plaintiff deadline in a class action lawsuit filed against Yingli Green Energy Holding Co Ltd (NYSE: PGE) (“Yingli” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Yingli securities between March 18, 2014 and May 15, 2015, have until July 27, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Yingli securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose  that Yingli Green Energy Holding Co Ltd was erroneously reporting revenue and had little reliable ability to collect on accounts receivable on the basis of historical customer conduct.  The complaint further states that Yingli failed to disclose that the Company was no longer able to get funding from commercial banks for its operations and due to that, Yingli’s inability to raise additional capital or borrow funds from commercial banks threatened the Company's ability to continue as a going concern; and as a result of the foregoing, Defendants' statements about Yingli's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On March 25, 2015, Yingli Green Energy Holding Co Ltd announced its 2014 fiscal financial results. According to the Company, Yingli had a net loss of $88.7 million on revenue of $555.5 million, which was substantially below its guidance and analysts’ expectations. Following the release of this news, NYSE: PGE shares dropped $0.35 per share to close at $1.99 per share on March 25, 2015, damaging investors.

If you were negatively impacted by your investment in Yingli securities between March 18, 2014 and May 15, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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