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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 |
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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