FORCEFIELD SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In ForceField Energy, Inc. To Contact The Firm Ahead of Lead Plaintiff Deadline
NEW YORK, June 3, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in ForceField Energy, Inc. ("ForceField" or the "Company") (NasdaqCM: FNRG) of the June 16, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against ForceField and certain officers. A complaint against the Company has been filed in the Southern District of New York.
The action focuses on whether the Company and its executives violated federal securities laws by failing to disclose that ForceField had misled investors by touting paid promotion articles on the Company and its financial position as independent research.
On March 20, 2014, a Fortune article revealed promoter compensation issues at ForceField. Then, on April 15, 2015, a Seeking Alpha article disclosed both promoter compensation issues and various red flags surrounding Company officers.
On April 19, 2015 the Company's founder and majority shareholder voluntarily resigned as Executive Chairman of the Board following his April 17, 2015 arrest. Shares of ForceField plummeted more than 21% in intraday trading on April 20, 2015. However, the Company's various troubles have caused the Company's stock to plummet by roughly 99 percent since April 14, 2015. Where ForceField shares closed at $7.71 on April 14, 2015, they are now trading at only $0.12 per share.
Request more information now by clicking here: www.faruqilaw.com/FNRG2. There is no cost or obligation to you.
Take Action
If you invested in ForceField stock or options between September 16, 2013 and April 15, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/FNRG2. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding ForceField's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
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