|[October 04, 2013]
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against L&L Energy, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of New York on behalf of a class (the "Class") comprising all purchasers
Energy, Inc. ("L&L Energy" or the "Company") (NASDAQ:LLEN)
securities between September 11, 2012 and September, 18 2013 (the "Class
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT 888-773-9224, OR AT 212-682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PUCHASED.
L&L Energy engages in the production, processing and sale of coal in the
People's Republic of China. The Complaint alleges that the Company
issued false and/or misleading statements and failed to disclose
material facts concerning the Company's business, operations and
financial performance. Specifically, the Complaint alleges that the
defendants misrepresented or failed to disclose that:
The Company improperly accounted for substantial revenue from
operations that were already shut down.
The Company claimed acquisitions and divestitures of various
properties through swap transactions that never occurred, through the
exchange of assets it actually never owned.
The Company lacked adequate internal and financial controls.
As a result of defendants' misrepresentations and omissions, L&L
Energy's financial results were materially false and misleading at all
If you are a member of the Class described above you may move the Court
no later than November 22, 2013 to serve as lead plaintiff; however, you
must meet certain legal requirements. If you wish to learn
more about this action or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at
888-773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail
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.
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