Suntech (STP -15.7%) crashes again following the company's admission that collateral promised to...

|About: Suntech Power Holdings Co.,... (STP)|By:, SA News Editor

Suntech (STP -15.7%) crashes again following the company's admission that collateral promised to it for guaranteeing a $662M investment may not exist. Worsening matters if the fact the investment firm promising the collateral was managed by a former Suntech sales rep. Class-action suits are already underway, and the fiasco is prompting new questions about the governance standards of Chinese ADRs. YGE -10.4%.