A class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the American Depository Shares (“ADS”) of JA Solar Holdings Co., Ltd. (NASDAQ: JASO) during the period between August 12, 2008 and November 12, 2008 (the “Class Period”). The complaint charges JA Solar and certain of its officers and directors with violations of the Securities Exchange Act of 1934. JA Solar describes itself as a leading China-based manufacturer of high-performance solar cells. JA Solar is principally involved in the development, manufacture and sale of high quality solar photovoltaic products to global markets.

The complaint alleges that, during the Class Period, defendants made materially false and misleading statements about the Company’s financial condition and operating results. Specifically, defendants failed to disclose that JA Solar purchased from a subsidiary of Lehman Brothers Inc. (“Lehman Brothers”) a three month, $100 million note (the “Lehman note”) on or about July 9, 2008. At the time of this purchase, Lehman Brothers, which guaranteed the Lehman note, was under severe financial distress. According to the complaint, defendants failed to disclose: (i) that JA Solar had made a material, highly speculative investment in a subsidiary of Lehman Brothers, an entity that was then undergoing a credit crisis and under significant financial distress; (ii) that the value of JA Solar’s investment in the Lehman note had diminished considerably; and (iii) that, as a result of the foregoing, defendants’ positive statements concerning JA Solar’s financial performance, outlook and earnings guidance were materially false and misleading and without reasonable basis.

Ultimately, at the end of the Class Period, JA Solar wrote off its $100 million investment in the Lehman note. After JA Solar fully disclosed and recorded an impairment in the value of its investment in the Lehman note, on November 12, 2008, JA Solar’s stock closed at $2.38 per share, a price that represented a decline of more than 87% from the high during the three month Class Period.

If you are a current shareholder and purchased during period between March 30, 2007 and August 7, 2008 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.