Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of
$100,000 Investing In L & L Energy, Inc. To Contact The Firm
NEW YORK, Nov. 15, 2013
NEW YORK, Nov. 15, 2013 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading
national securities law firm, alerts investors in L & L Energy, Inc. ("L & L
Energy" or the "Company") (NasdaqGS: LLEN) of the impending November 22, 2013
deadline to seek the role of lead plaintiff in a federal securities class
action lawsuit filed against the Company and certain executives.
A complaint has been filed on behalf of all persons who purchased or otherwise
acquired L & L Energy securities between September 11, 2012 and September 18,
2013 (the "Class Period") in the Southern District of New York.
The complaint alleges that the Company and its executives violated federal
securities laws with respect to its disclosures concerning its business,
operations, and financial performance.
Specifically, the action focuses on whether L & L Energy made false and/or
misleading statements and/or failed to disclose that: (i) the Company claimed
acquisitions and divestitures of various properties through fraudulent swap
transactions; (ii) the Company improperly accounted for a substantial amount
of revenue from operations that had previously been closed; and (iii) the
Company did not have adequate internal and financial controls throughout the
On September 19, 2013, the SeekingAlpha website published a report by
GeoInvesting, a company that provides research and analysis on U.S.-listed
Chinese companies. The report claimed that L & L Energy defrauded investors
and disclosed that GeoInvesting is planning to file a whistleblower report
with the NASDAQ and the SEC informing them of these findings.
On this news, L & L Energy's stock plummeted more than 38% to close at $1.27
per share on September 19, 2013.
Request more information now by clicking here: www.faruqilaw.com/LLEN. There
is no cost or obligation to you.
If you purchased L & L Energy stock or options between September 11, 2012 and
September 18, 2013 and would like to discuss your legal rights, visit
www.faruqilaw.com/LLEN. You can also contact us by calling Richard Gonnello
or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to firstname.lastname@example.org email@example.com.
Faruqi & Faruqi, LLP also encourages anyone with information regarding L & L
Energy's conduct to contact the firm, including whistleblowers, former
employees, shareholders, and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications will be
treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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