|Share this content:|
|Home||About Us||Our Attorneys||Cases||Practice Areas||Settlement Notices||News & Events||Contact Us|
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing In L & L Energy, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at L & L Energy, Inc. (“L & L Energy” or the “Company”) (NasdaqGS: LLEN).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and financial performance.
Specifically, the investigation 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 Class Period.
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.
If you purchased L & L Energy stock or options between August 3, 2011 and September 18, 2013 and would like to discuss your legal rights, you can 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 email@example.com or firstname.lastname@example.org. 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.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you. If you want to be a Lead Plaintiff or join
this action now, please click HERE.