Ryan & Maniskas, LLP (
) has commenced an investigation into potential securities law violations by certain officers of Lime Energy Co. (“Lime Energy” or the “Company”) (NASDAQ: LIME). The investigation focuses on allegations that certain statements issued by the Company regarding the Company’s business, operations and financial condition were false and misleading.
Lime Energy shareholders who purchased shares of Lime Energy between May 12, 20120 and July 17, 2012 should contact Richard A. Maniskas, Esquire at 877-316-3218 or at
to learn more about this investigation.
On July 17, 2012, the Company disclosed that its consolidated financial statements for the years ended December 31, 2010 and December 31, 2011, as well as the quarter ended March 31, 2012, may no longer be relied on. According to the Company, the problems relate to the reporting of revenue. Specifically, non-existent revenue may have been recorded. On this news, shares of Lime dropped over 44%, or $0.91 per share.
If you purchased Lime Energy shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.