Investors have filed a class-action lawsuit against MEMC Electronic Materials, claiming that the company did not disclose production issues at its facilities in Italy and Texas. These issues caused the results for the quarter ending June 30th, 2008 to be unexpectedly below target.

Here’s a little bit more detail on the lawsuit from the press release linked to above:

Then on July 23, 2008 MEMC Electronic Materials, Inc. first disclosed that in early June 2008