|[January 08, 2013]
SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Lime Energy Co.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating potential claims on behalf of
purchasers of Lime Energy (News - Alert) Co. ("Lime" or the "Company") (Nasdaq: LIME)
securities concerning possible breaches of fiduciary duty. In
particular, the investigation concerns the quality of the internal
controls within the Company.
For more information, click here: http://zlk.9nl.com/limeenergy-lime/.
In a July 17, 2012 press release the Company disclosed the results of a
partial internal review, determining that its consolidated financial
statements for the periods ended December 31, 2010 and December 31,
2011, as well as the quarterly report for the period ended March 31,
2012, could o longer be relied upon. At this time the Company
acknowledged that some of its revenue may have been improperly recorded;
in particular, "it appears that non-existent revenue may have been
recorded. In other cases, it appears that revenue may have been recorded
earlier than it should have been." Then, on December 27, 2012, the
Company announced that its consolidated financial statements on its Form
10-Ks for the years ended December 31, 2008 and December 31, 2009 could
also not be relied upon.
If you own Lime stock and wish to obtain additional information about
the investigation and your legal rights, please contact Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/limeenergy-lime/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
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