Vestas sued in securities class action

April 14, 2011 by

Vestas Wind Systems, a Danish company with its U.S. headquarters in Portland, Oregon, has been sued by its shareholders in a class action filed in Colorado.  The complaint alleges that Vestas knowingly failed to adopt a new accounting standard made effective January 1, 2010, which allowed the company to overstate its revenues for much of 2010.  When the downward revision was announced, the company’s stocked dropped 22 percent.

To learn more about this class action, see the complaint.

Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, consumer cases, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, employment matters, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.

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