Levi & Korsinsky is investigating potential claims on behalf of purchasers of Ener1, Inc. (“Ener1” or the “Company”) (NASDAQ: HEV) concerning whether the Company and certain of its officers and directors have violated federal securities laws.
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On August 15, 2011, Ener1 disclosed that its financial statements for the year ending December 31, 2010 and quarterly period ending March 31, 2011 should no longer be relied upon. Ener1 will restate its financial statements to reflect impairments related to its investment in Think Holdings, its accounts receivable with Think Global, and loans receivable with Think Holdings. Upon this news, shares of Ener1 stock dropped more than 42 percent to close at $0.45 per share.
If you own shares of Ener1 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://www.zlk.com/ener1-hev.html.Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.