FNRG INVESTOR ALERT: Investigation on Behalf of ForceField Energy, Inc. Shareholders Announced by the Law Offices of Howard G...
18 April 2015 - 2:14AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of ForceField
Energy, Inc. (“ForceField” or the “Company”) (NASDAQ: FNRG)
concerning possible violations of federal securities laws.
ForceField designs, distributes, and licenses alternative energy
products and technologies in China and the United States. The
Company also distributes light emitting diode (LED) commercial
lighting products and fixtures; and chemicals used for the
production of polysilicon for use in solar cells.
The investigation is focused on a recent Seeking Alpha article
that alleges the Company has engaged in unethical and potentially
illegal stock promotion to target retail investors and pump up the
value of the Company’s stock. The article also alleges that the
Company’s management, “have close ties to past fraudulent companies
and activities,” and that the Company is nearing insolvency. Upon
publication of the article the Company’s stock fell $1.66 per share
or 22% on unusually high volume, and continued its decline over the
next trading session, closing on April 16, 2015 at $4.74 per share,
or $1.31 lower per share than its prior closing price.
If you purchased shares of ForceField prior to April 15, 2015,
you are encouraged to contact Howard Smith, Esquire to discuss your
legal rights: Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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