The Law Offices of Todd M. Garber announces that it is investigating potential claims on behalf of purchasers of the common stock of L & L Energy, Inc. (“L & L Energy” or the “Company”) (NASDAQ:LLEN) concerning possible violations of federal securities laws. The investigation focuses on L & L Energy’s operations and financial performance between September 9, 2011 and September 19, 2013.
L & L Energy, through its subsidiaries, engages in the production, processing and sale of coal in the People’s Republic of China. The investigation is related to allegations that during the foregoing period L & L Energy issued materially false and misleading statements or failed to disclose material facts concerning operations at certain of the Company’s properties, that the Company has engaged in allegedly fraudulent swap transactions, and that L & L Energy’s financial reporting was materially misleading. In an article by GeoInvesting, published September 19, 2013 on the Seeking Alpha website, GeoInvesting states that, based on these claims, it “is preparing to file a whistleblower report to the NASDAQ and SEC that will accuse L & L Energy of defrauding investors by booking substantial revenue from operations that have been idled for quite some time.”
Following this news, the price of L & L Energy shares dropped $0.80 per share, or more than 38%, to a closing price of $1.27 per share on September 19, 2013, on extremely heavy volume of more than 18 million shares traded.
If you purchased L & L Energy common stock during the foregoing period, if you have information or would like to learn more, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to email@example.com.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.