Upcoming Deadline: The Law Firm Of Levi & Korsinsky Notifies Investors With Losses On Their Investment In New Energy Systems Group Of Class Action Lawsuit And The Deadline Of April 10, 2012 To Seek A Lead Plaintiff Position
NEW YORK, April 9, 2012 /PRNewswire/ -- Levi & Korsinsky 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 investors who purchased New Energy Systems Group ("New Energy" or the "Company") (AMEX: NEWN) stock between April 15, 2010 and November 14, 2011.
For more information, click here: http://zlk.9nl.com/new-energy-systems-group-newn. There is no cost or obligation to you.
The complaint alleges that during the Class Period, the Company issued materially false and misleading statements in its filings with the SEC. These statements included, among other things: (a) that the Company had a loyal customer base when it did not; (b) that the Company manufactured quality products when it did not; and that (c) the demand for batteries would remain profitable. The complaint further alleges that the Company failed to disclose the adverse effect of counterfeit products on Company sales. As a result of the aforementioned, the Company's battery business had materially declined and the goodwill associated with the Company's battery business had become worthless.
If you suffered a loss in New Energy you have until April 10, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/new-energy-systems-group-newn.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. Attorney advertising. Prior results do not guarantee similar outcomes.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV