|[September 21, 2013]
Law Offices of Todd M. Garber Announces Investigation of L & L Energy, Inc.
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber announces that it is investigating
potential claims on behalf of purchasers of the common stock of L & L
Energy, Inc. ("L & L Energy" or the "Company") (NASDAQ:LLEN) concerning
possible violations of federal securities laws. The investigation
focuses on L & L Energy's operations and financial performance between
September 9, 2011 and September 19, 2013.
L & L Energy, through its subsidiaries, engages in the production,
processing and sale of coal in the People's Republic of China. The
investigation is related to allegations that during the foregoing period
L & L Energy issued materially false and misleading statements or failed
to disclose material facts concerning operatons at certain of the
Company's properties, that the Company has engaged in allegedly
fraudulent swap transactions, and that L & L Energy's financial
reporting was materially misleading. In an article by GeoInvesting,
published September 19, 2013 on the Seeking Alpha website,
GeoInvesting states that, based on these claims, it "is preparing to
file a whistleblower report to the NASDAQ and SEC (News - Alert) that will accuse L & L
Energy of defrauding investors by booking substantial revenue from
operations that have been idled for quite some time."
Following this news, the price of L & L Energy shares dropped $0.80 per
share, or more than 38%, to a closing price of $1.27 per share on
September 19, 2013, on extremely heavy volume of more than 18 million
If you purchased L & L Energy common stock during the foregoing period,
if you have information or would like to learn more, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Todd M. Garber, Esquire, of the
Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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