NEW YORK, Sept. 20, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at L & L Energy, Inc. ("L & L Energy" or the "Company") (NasdaqGS: LLEN).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and financial performance.
L & L Energy, through its subsidiaries, purports to be engaged in the production, processing, and selling of coal in the People's Republic of China with vertically-integrated operations that include mining, washing, wholesale, and distribution. On September 19, 2013, the SeekingAlpha website published a report by GeoInvesting, a company that provides research and analysis on U.S.-listed Chinese companies. The report claims that L & L Energy defrauded investors by booking substantial revenue from idle operations and engaging in fraudulent swap transactions. GeoInvesting disclosed that it is planning to file a whistleblower report with the NASDAQ and the SEC informing them of these findings.On this news, L & L Energy's stock plummeted more than 38% to close at $1.27 per share on September 19, 2013. Request more information now by clicking here: www.faruqilaw.com/LLEN. There is no cost or obligation to you. Take Action If you purchased L & L Energy stock or options between August 3, 2011 and September 18, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/LLEN. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding L & L Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders, and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor New York, NY 10017Attn: Richard Gonnello, Esq. firstname.lastname@example.org Francis McConville, Esq. email@example.comTelephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV