Law Offices of Howard G. Smith Announces Continued Investigation Of First Solar, Inc.

Law Offices of Howard G. Smith announced that it is continuing its investigation of potential claims against First Solar, Inc. and its Board of Directors concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation is related to allegations in a shareholder class action complaint, filed March 15, 2012 in the United States District Court for the District of Arizona, alleging violations of federal securities laws by the Company and certain of its executive officers between April 30, 2008 and February 28, 2012. The shareholder lawsuit alleges, among other things, that during the foregoing period the defendants misrepresented or failed to disclose the full impact of certain solar-module manufacturing flaws on First Solar’s financial performance and prospects, and that the Company was improperly recognizing revenue concerning certain products in its systems business.