|[October 11, 2013]
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against L&L Energy, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that investors of L&L Energy,
Inc. ("L&L Energy" or the "Company") (NASDAQ:LLEN) have until November
22, 2013, to move the Court to serve as lead plaintiff in the securities
fraud class action lawsuit filed in the United States District Court for
the Southern District of New York on behalf of a class (the "Class")
comprising all purchasers of L&L Energy securities between September 11,
2012, and September 18, 2013 (the "Class Period").
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. Specificall, 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.
If you are a member of the Class described above, you have certain
rights and have until November 22, 2013, to move for lead plaintiff
status. To be a member of the Class, you need not take any action at
this time or may retain counsel of your choice. If you purchased shares
prior to the Class Period and wish to learn more concerning your rights
or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to email@example.com,
or visit our website at http://www.howardsmithlaw.com.
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