2nd Circuit Affirms Dismissal Of Solar Panel Manufacturer Stock Drop Suit

( April 8, 2026, 8:42 AM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel affirmed a lower court’s dismissal of investors’ putative class action against a manufacturer of solar panels and its officers, directors, former shareholders and underwriters regarding alleged misstatements the company made about the impact of rising steel costs on the company’s business, finding that the investors failed to bring their securities fraud claims with the necessary specificity....