Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The
Class Action Lawsuit Against L&L Energy, Inc.
BENSALEM, Pa. -- October 11, 2013
Law Offices of Howard G. Smith announces that investors of L&L Energy, Inc.
(“L&L Energy” or the “Company”) (NASDAQ:LLEN) have until November 22, 2013, to
move the Court to serve as lead plaintiff in the securities fraud class action
lawsuit filed in the United States District Court for the Southern District of
New York on behalf of a class (the “Class”) comprising all purchasers of L&L
Energy securities between September 11, 2012, and September 18, 2013 (the
L&L Energy engages in the production, processing and sale of coal in the
People’s Republic of China. The Complaint alleges that the Company issued
false and/or misleading statements and failed to disclose material facts
concerning the Company’s business, operations and financial performance.
Specifically, the Complaint alleges that the defendants misrepresented or
failed to disclose that:
*The Company improperly accounted for substantial revenue from operations
that were already shut down.
*The Company claimed acquisitions and divestitures of various properties
through swap transactions that never occurred, through the exchange of
assets it actually never owned.
*The Company lacked adequate internal and financial controls.
If you are a member of the Class described above, you have certain rights and
have until November 22, 2013, to move for lead plaintiff status. To be a
member of the Class, you need not take any action at this time or may retain
counsel of your choice. If you purchased shares prior to the Class Period and
wish to learn more concerning your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
firstname.lastname@example.org, or visit our website at
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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