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FNRG ForceField Energy Inc (CE)

0.000001
0.00 (0.00%)
11 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ForceField Energy Inc (CE) USOTC:FNRG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

FNRG INVESTOR ALERT: ForceField Energy, Inc. Securities Class Action Announced by Glancy Binkow & Goldberg LLP

30/04/2015 3:30pm

Business Wire


ForceField Energy (CE) (USOTC:FNRG)
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From Jun 2019 to Jun 2024

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Glancy Binkow & Goldberg LLP announces that a class action has been filed on behalf of investors of ForceField Energy, Inc. (“ForceField” or the “Company”) (NASDAQ: FNRG) who purchased shares from September 16, 2013, through April 15, 2015, inclusive (the “Class Period”). The class action concerns the Company’s and its officers’ possible violations of federal securities laws, and the subsequent damage to ForceField investors.

Investors who purchased shares of ForceField during the Class Period have until June 16, 2015, to file a lead plaintiff motion. If you have information or would like to learn more about these claims, or have any questions concerning this announcement, 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.

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; that 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% to close on April 15, 2015, at $6.05 per share. Then on April 20, 2015, a Bloomberg article noted that ForceField Chairman Richard St-Julien “was arrested and had resigned as chairman … [and] was charged with scheming to boost the company’s share price using secret payments to conspirators through a Belize-based firm.” On this news ForceField shares declined sharply in value until trading was halted on April 20, 2015.

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

1 Year ForceField Energy (CE) Chart

1 Year ForceField Energy (CE) Chart

1 Month ForceField Energy (CE) Chart

1 Month ForceField Energy (CE) Chart