FNRG INVESTOR ALERT: Investigation of ForceField Energy, Inc. Announced by Glancy Binkow & Goldberg LLP
18 April 2015 - 12:30AM
Business Wire
Glancy Binkow & Goldberg LLP 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,
have information or would like to learn more about these claims, or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Lesley
Portnoy, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com. If you inquire by
email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los AngelesCasey Sadler,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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