Robbins Geller Rudman & Dowd LLP and Skadden, Arps, Slate, Meagher & Flom LLP Announce Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

SAN DIEGO, March 23, 2011 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Skadden, Arps, Slate, Meagher & Flom LLP pursuant to an order of the United States District Court, Southern District of New York:

TO: ALL PERSONS WHO PURCHASED JA SOLAR HOLDINGS CO., LTD. ("JA SOLAR") AMERICAN DEPOSITORY SHARES ("ADS") DURING THE PERIOD AUGUST 12, 2008 THROUGH NOVEMBER 12, 2008, INCLUSIVE

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Southern District of New York, a hearing will be held on June 24, 2011, at 4:00 p.m., in Courtroom 12B before the Honorable John G. Koeltl, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007, for the purpose of determining (1) whether the proposed settlement of the Action for the sum of Four Million Five Hundred Thousand United States Dollars (USD $4,500,000.00) in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Action should be dismissed with prejudice against the Defendants as set forth in the Settlement Agreement dated January 28, 2011; (3) whether the Plan of Distribution of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Action, together with interest thereon.

If you purchased JA Solar ADS during the period from August 12, 2008 through November 12, 2008, inclusive, your rights may be affected by this Action and the settlement thereof.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to JA Solar Holdings Co., Ltd. Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at www.gilardi.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than June 7, 2011, establishing that you are entitled to a recovery.  You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by June 10, 2011.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than June 10, 2011, and received by the following no later than June 10, 2011:

DATED: February 18, 2011
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

SOURCE Robbins Geller Rudman & Dowd LLP