NEW YORK, NY--(Marketwired - May 12, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in ForceField Energy Inc. ("ForceField" or the "Company") (NASDAQ: FNRG) of the June 16, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against ForceField, certain executives and the Company's investor relations firms.
A complaint has been filed in the Southern District of New York on behalf of all persons who purchased or otherwise acquired ForceField securities from September 16, 2013 through April 15, 2015 (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that (i) articles purportedly published by independent authors touting ForceField were actually paid promoters hired by the Company and (ii) members of ForceField's management have a troubling history with fraudulent companies.
On April 15, 2015, an article was published by SeekingAlpha.com alleging that the Company was promoted by multiple paid promoters and that the management has close connections to past frauds.
Following this news, the price of the Company's stock declined by $1.66 per share, or over 21%, to close at $6.05 on April 15, 2015.
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 during the Class Period 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 rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding the Company's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
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