SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an
Investigation into Possible Breaches of Fiduciary Duty by Lime Energy Co.
NEW YORK -- January 8, 2013
Levi & Korsinsky is investigating potential claims on behalf of purchasers of
Lime Energy Co. (“Lime” or the “Company”) (Nasdaq: LIME) securities concerning
possible breaches of fiduciary duty. In particular, the investigation concerns
the quality of the internal controls within the Company.
For more information, click here: http://zlk.9nl.com/limeenergy-lime/.
In a July 17, 2012 press release the Company disclosed the results of a
partial internal review, determining that its consolidated financial
statements for the periods ended December 31, 2010 and December 31, 2011, as
well as the quarterly report for the period ended March 31, 2012, could no
longer be relied upon. At this time the Company acknowledged that some of its
revenue may have been improperly recorded; in particular, “it appears that
non-existent revenue may have been recorded. In other cases, it appears that
revenue may have been recorded earlier than it should have been.” Then, on
December 27, 2012, the Company announced that its consolidated financial
statements on its Form 10-Ks for the years ended December 31, 2008 and
December 31, 2009 could also not be relied upon.
If you own Lime stock and wish to obtain additional information about the
investigation and your legal rights, please contact Joseph E. Levi, Esq.
either via email at firstname.lastname@example.org or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit http://zlk.9nl.com/limeenergy-lime/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq. / Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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