Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against New Energy Systems Group (NYSE Am...
02 March 2012 - 4:22AM
Marketwired
On February 10, 2012, a class action lawsuit was filed in the
United States District Court for the Southern District of New York
against New Energy Systems Group (NYSE Amex: NEWN). The complaint
alleges violations of federal securities laws, Sections 10(b) and
20(a) of the Securities Exchange Act of 1934 and Rule 10b-5,
including allegations of issuing a series of material or false
misrepresentations to the market which had the effect of
artificially inflating the market price during the Class Period,
which is April 15, 2010 through November 14, 2011.
Plaintiff seeks to recover damages on behalf of all New Energy
Systems Group shareholders who purchased common stock during the
Class Period and are therefore a member of the Class as described
above. You may move the Court no later than Tuesday, April 10, 2012
to serve as a lead plaintiff for the entire Class. However, in
order to do so, you must meet certain legal requirements pursuant
to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information
and participate in this or any other securities litigation, or
should you have any questions or concerns regarding this notice or
preservation of your rights, please contact:
K. Lynn Nunn FEDERMAN & SHERWOOD 10205 North Pennsylvania
Avenue Oklahoma City, OK 73120 Email to: kln@federmanlaw.com Or,
visit our website at www.federmanlaw.com
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