SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in ForceField Ener...
April 23 2015 - 7:10PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of purchasers of ForceField Energy
Inc. (“ForceField” or the “Company”) (Nasdaq:FNRG) securities
during the period between October 16, 2013 and April 15, 2015,
inclusive (the “Class Period”). Investors who wish to become
proactively involved in the litigation have until June 16, 2015 to
seek appointment as lead plaintiff.
If you have suffered a loss from investment in
ForceField securities purchased on or after October 16, 2013 and
held through the revelation of negative information during and/or
at the end of the Class Period, as described below, and would like
to learn more about this lawsuit and your ability to participate as
a lead plaintiff, without cost or obligation to you, please visit
our website at
http://www.browerpiven.com/currentsecuritiescases.html. You may
also request more information by contacting Brower Piven either by
email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
No class has yet been certified in the above action. Members of the
Class will be represented by the lead plaintiff and counsel chosen
by the lead plaintiff.
If you wish to choose counsel to represent you
and the Class, you must apply to be appointed lead plaintiff and be
selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether
to accept a settlement for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company securities during the Class
Period. Brower Piven also encourages anyone with information
regarding the Company’s conduct during the period in question to
contact the firm, including whistleblowers, former employees,
shareholders and others.
The complaint accuses the defendants of
violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that
reports issued by promoters paid by the Company did not disclose
their compensation despite having been reviewed by ForceField’s
management prior to publication and that members of the Company’s
management have unscrupulous backgrounds. Following a March 20,
2014 article published through Fortune.com revealing the
promoter compensation issues and an April 15, 2015 article
published through SeekingAlpha.com disclosing the promoter
compensation issues and the unscrupulous backgrounds of members of
the Company’s management, the value of Forcefield shares declined
significantly.
Attorneys at Brower Piven have extensive
experience in litigating securities and other class action cases
and have been advocating for the rights of shareholders since the
1980s. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this
time to be a member of the class.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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