FNRG INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against For...
21 April 2015 - 1:15AM
Business Wire
Law Offices of Howard G. Smith announces that a class action
complaint has been filed on behalf of a class (the “Class”)
comprising purchasers of the securities of ForceField Energy, Inc.
(“ForceField” or the “Company”) (NASDAQ: FNRG) between September
16, 2013 through April 15, 2015, inclusive (the “Class
Period”).
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 complaint alleges that the Company misled investors
regarding the following issues: that ForceField has engaged in
unethical and potentially illegal stock promotion to target retail
investors and pump up the value of the Company’s stock; the
Company’s management, “have close ties to past fraudulent companies
and activities”; and, that the Company is nearing insolvency. Upon
publication of a report disclosing these issues the Company’s stock
fell $1.66 per share or 22% on unusually high volume to close on
April 15, 2015 at $6.05 per share. Over the course of the next two
trading sessions the Company’s shares continued to decline, closing
on April 16, 2015 at $4.74 per share, and on April 17, 2015 at
$3.97, a total decline of $3.97 per share or nearly 50%.
If you are a member of the Class described above, you may move
the Court no later than June 16, 2015, to serve as lead plaintiff,
if you meet certain legal requirements. To be a member of the
Class, you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action,
please contact Howard G. Smith, Esquire, of 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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