Class Action Filed Against First Solar and Officers Over Securities Claims
A class action has been filed in the U.S. District Court for the Eastern District of New York against First Solar and certain officers on behalf of investors who bought or acquired First Solar securities between Feb. 26, 2025 and Feb. 24, 2026. The suit seeks damages alleging federal securities law violations and cites Sections 10(b) and 20(a) and Rule 10b-5, after the company announced reduced Series 6 module output in Malaysia and Vietnam in 2025 amid an uncertain U.S. policy environment and supply-demand imbalance.