Suniva Inc. Files For Bankruptcy Protection: What Investors Can Do

Were you recommended and sold investments in Suniva Inc., a Georgia-based manufacturer of solar cells and modules? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you. Suniva Inc. has filed for Chapter 11 bankruptcy protection this week, after recent layoffs. In a press release, Suniva stated: “The reductions come as U.S. solar manufacturers face attack from the continued growth of global manufacturing overcapacity, particularly in Asia, and the ongoing influx of foreign imports, which continue to drive down domestic prices.” Suniva announced layoffs in late March at both of its U.S. plants, in Norcross, Georgia and Saginaw, Michigan. In 2007 and 2008, Suniva raised money with these offerings:

Suniva Series A Preferred Stock offering
Suniva Series B Preferred Stock and Warrant.

Stoltmann Law Offices is investigating potential fraud claims against broker-dealers’ improper recommendations that clients purchase shares in these high-risk and illiquid stocks. Many investors were not aware of the problems and risks associated with these investments before purchasing them. If your broker sold you these stocks and you lost money, you may be able to sue your investment firm for these losses. To find out how, please call 312-332-4200 today for a no-cost, no-obligation consultation with one of our attorneys. We take cases on a contingency fee basis only.

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