A class action lawsuit has been filed in the United States District Court for the Southern District of New York against Canadian Solar (NASDQ:CSIQ) and certain of its officers. The complaint was filed on behalf of investors who purchased the common stock of the Company between March 3, 2010 and June 1, 2010.

Canadian Solar disclosed, after the close of the market on June 1, 2010, that it received a Securities and Exchange Commission (“SEC”) subpoena. The SEC subpoena requested documents from Canadian Solar relating to certain sales transactions in 2009. The Company disclosed that its Audit Committee has retained outside counsel and independent forensic accountants to assist in reviewing the transactions described in the subpoena. The Company postponed the release of its full financial results for the first quarter ended March 31, 2010 and its quarterly conference call scheduled for June 2, 2010. Canadian Solar also announced that its first quarter operating results would be updated, and that the Company’s 4Q09 net revenue numbers may be revised “due to the company’s intention to recognize sales only after receiving full cash payments from certain customers and due to certain subsequent return of goods after the quarter end.” Canadian Solar declined $1.69 per share, or 14.25%, to close on June 2, 2010 at $10.17 per share, on unusually heavy trading volume.

If you are a current shareholder and purchased during period between March 3, 2010 and June 1, 2010 and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.