DEADLINE ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Yingli Green Energy Holding, Co.

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of a class comprising purchasers of the securities of Yingli Green Energy Holding, Co. (“Yingli” or the “Company”) (NYSE: YGE) between March 18, 2014 and May 15, 2015, inclusive (the “Class Period”).

Yingli is one of the world’s largest solar panel producers, and operates on a high volume, low margin business model. On March 25, 2015, the Company reported disappointing quarterly results, announcing a net loss of $88.7 million on revenue of $555.5 million. On this news the Company’s shares fell $0.35 per share, or 15%, to close on March 25, 2015 at $1.99 per share. Then, on May 15, 2015, the Company announced that there is, “substantial doubt” the Company can remain solvent, stating, “[o]ur substantial indebtedness and net loss may adversely affect our business, financial condition and results of operations, as well as our ability to meet our payment obligations.” On May 19, 2015, Bloomberg News reported that the Company was seeking additional investors to assist the Company in making payments on its debt. On this news, the Company’s shares fell over the course of two trading sessions by $0.76 per share, or 45%, to close on May 19, 2015 at $0.94 per share.

The complaint alleges that defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that: (1) that the Company was inappropriately recognizing revenue; (2) that the Company had no reasonable prospects to collect on certain accounts receivable based on historical customer conduct; (3) that the Company was no longer able to borrow from commercial banks to fund its operations; (4) that the Company's inability to raise additional capital or borrow funds from commercial banks threatened its ability to continue as a going concern; and, (5) that, 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.

If you purchased Yingli securities during the Class Period, you may move the Court no later than July 27, 2015, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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