First Solar Inc. has agreed to settle a class-action lawsuit alleging it mislead investors during a boom period for the company, with the bill coming in at $350 million.
The case, initially brought by investor Mark Smilovits and eventually certified as a class action, was initially filed in 2012 and came after several years of Tempe-based First Solar (Nasdaq: FSLR) landing multiple deals to land massive solar power plant projects.
The lawsuit alleged First Solar officials mislead investors about…