The law firm of Federman & Sherwood has launched an investigation of L & L Energy, Inc. (NASDAQ: LLEN) (“L & L”) with respect to possible violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by L & L and/or its officers and directors.
On September 19, 2013, an article by GeoInvesting, a company that provides research and analysis on U.S. listed China stocks, was published on SeekingAlpha.com, stating that GeoInvesting is preparing to file a whistleblower report with the NASDAQ and SEC alleging that L & L has defrauded its investors by incorrectly claiming substantial revenue from operations that have been idle for an extended period of time. The article by GeoInvesting also stated that L & L engaged in a “bait and switch” game with a string of acquisitions and divestitures of various properties over the last few years, where L & L claimed it had come into possession of assets through swap transactions that never occurred, and through the exchange of assets L & L never owned.
Federman & Sherwood is investigating whether: (1) L & L issued materially false and/or misleading statements or failed to disclose material facts concerning operations at certain of its properties; (2) L & L engaged in allegedly fraudulent swap transactions; and (3) L & L’s financial reporting was materially misleading or false.
If you currently own common stock in L & L Energy, Inc., have information to assist in our investigation or have questions or concerns regarding this notice or your rights or interests in this matter, please contact William B. Federman. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases across the country.
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