Litigation
Sep. 8, 2012
SEC accuses solar manufacturer of defrauding investors
The Securities and Exchange Commission filed a complaint Wednesday alleging a solar manufacturer deceived investors by failing to reveal the company was transferring 49 percent of its equity to managers of a Chinese subsidiary.
Daily Journal Staff Writer
The Securities and Exchange Commission filed a complaint Wednesday alleging a solar manufacturer deceived investors by failing to reveal that the company was transferring 49 percent of its equity to the managers of a Chinese subsidiary.
South San Francisco-based Worldwide Energy and Manufacturing USA Inc. and the three executives allegedly responsible for defrauding investors have all agreed to set...
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