This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Newman Ferrara LLP Announces Securities Class Action Against L & L Energy, Inc. And Advises Of Lead Plaintiff Deadline

Stocks in this article: LLEN

Newman Ferrara LLP announces that a class action lawsuit has been filed in the Unites States District Court, Southern District of New York against L&L Energy, Inc. (NASDAQ:LLEN) (“L & L” or the “Company”) and certain of its executive officers, alleging violations of federal securities laws.

Investors who purchased L & L securities between September 11, 2012 and September 18, 2013 (the “Class Period”) may apply with the Court to be appointed Lead Plaintiff no later than November 22, 2013. The Lead Plaintiff will direct the litigation on behalf of the other class members.

L&L is a coal-mining company that, through various subsidiaries, engages in mining, clean coal washing, coal coking, and coal wholesaling in China.

It is alleged that during the Class Period, L & L defendants 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, improper accounting, and that its financial reporting was materially misleading.

On September 19, 2013, after an article was published by GeoInvesting, stating that 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,” L & L shares fell $0.80 per share, or more than 38%, to a close at $1.27 per share.

Investors who purchased shares of L& L during the Class Period may contact Newman Ferrara partner Jeffrey M. Norton ( jnorton@nfllp.com) by email or call (212) 619-5400 to discuss this lawsuit or the Lead Plaintiff process.

Whistleblowers: Persons with knowledge that may aid in the investigation of this matter are encouraged to contact the firm. Under the Dodd-Frank Wall Street Reform Bill, whistleblowers are protected from employer retaliation and may be entitled to as much as 30 percent of the recovery if the information provided leads to a successful action.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs