Pomerantz Law Firm Has Filed a Class Action Against L & L Energy, Inc. and Certain Officers - LLEN

Pomerantz Law Firm Has Filed a Class Action Against L & L Energy, Inc. and 
Certain Officers - LLEN 
NEW YORK, NY -- (Marketwired) -- 10/21/13 --  Pomerantz Grossman
Hufford Dahlstrom & Gross LLP has filed a class action lawsuit
against L & L Energy, Inc. ("L&L" or the "Company") (NASDAQ: LLEN)
and certain of its officers. The class action, filed in United States
District Court, Southern District of New York, and docketed under
13-cv-06704, is on behalf of a class consisting of all persons or
entities who purchased or otherwise acquired securities of L&L
between September 11, 2012 and September 18, 2013 both dates
inclusive (the "Class Period"). This class action seeks to recover
damages against the Company and certain of its officers and directors
as a result of alleged violations of the federal securities laws
pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder. 
If you are a shareholder who purchased L&L securities during the
Class Period, you have until November 22, 2013 to ask the Court to
appoint you as Lead Plaintiff for the class. A copy of the Complaint
can be obtained at www.pomerantzlaw.com. To discuss this action,
contact Robert S. Willoughby at rswilloughby@pomlaw.com or
888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by
e-mail are encouraged to include their mailing address, telephone
number, and number of shares purchased. 
L&L, formerly known as L&L International Holdings, is a coal-mining
company founded in 1995. L&L purports, through its subsidiaries, to
engage in coal mining, clean coal washing, coal coking, and coal
wholesaling businesses in China.  
The Complaint alleges that throughout the Class Period, Defendants
made false and/or misleading statements, as well as failed to
disclose material adverse facts about the Company's business,
operations, and prospects. Specifically, Defendants made false and/or
misleading statements and/or failed to disclose that: (1) the Company
improperly accounted substantial revenue from operations that were
already shut down; (2) the Company claimed acquisitions and
divestitures of various properties through swap transactions that
never occurred through the exchange of assets it never owned in the
first place; (3) the Company lacked a
dequate internal and financial
controls; and (4) that, as a result of the foregoing, the Company's
financial results were materially false and misleading at all
relevant times. 
On September 19, 2013, GeoInvesting published an article on Seeking
Alpha disclosing that the Company has been "defrauding investors by
booking substantial revenue from operations that have been idled for
quite some time." Specifically, GeoInvesting stated that the
Company's numerous acquisitions and divestitures through the years
have amounted "to a bait and switch shell game" by utilizing "swap
transactions that never occurred." Moreover, the article concluded
"that revenue of $77.6 million disclosed in LLEN's 2013 10K,
generated from its Hong Xing coal washing factory, was actually close
to zero, if it is not actually zero," as the factory "has been shut
down since 2012."  
On this news, the Company's stock plummeted $0.80 per share or more
than 38%, to close at $1.27 on September 19, 2013. 
The Pomerantz Firm, with offices in New York, Chicago, Florida, and
San Diego, is acknowledged as one of the premier firms in the areas
of corporate, securities, and antitrust class litigation. Founded by
the late Abraham L. Pomerantz, known as the dean of the class action
bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 70 years later, the Pomerantz Firm
continues in the tradition he established, fighting for the rights of
the victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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