A lawsuit was filed on behalf of investors in ForceField Energy Inc (NASDAQ:FNRG) shares over alleged securities laws violations and NASDAQ:FNRG investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/21/2015 -- An investor, who purchased shares of ForceField Energy Inc (NASDAQ:FNRG), filed a lawsuit in the U.S. District Court for the District Court for the Southern District of New York over alleged violations of Federal Securities Laws by ForceField Energy Inc in connection with certain allegedly false and misleading statements made between September 16, 2013 and April 15, 2015.
Investors who purchased shares of ForceField Energy Inc (NASDAQ:FNRG) have certain options and for certain investors are short and strict deadlines running. Deadline: June 16, 2015. NASDAQ:FNRG investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of ForceField Energy Inc (NASDAQ:FNRG) common shares between September 16, 2013 and April 15, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Defendants allegedly falsely stated and/or failed to disclose that articles issued by independent authors touting ForceField Energy Inc were in fact paid promoters hired by the Company, that ForceField Energy's management reviewed these so-called independent articles before publication, and that members of ForceField Energy's management have troubling histories with fraudulent companies.
On April 15, 2015,a report was publish which alleged that "ForceField was a paid Dream Team promotion which was written about by both Tom Meyer (multiple aliases including Wonderful Wizard and others) and John Mylant. These were the two main Dream Team writers. Their articles have since been removed from Seeking Alpha, but the original references can still be found in various places. In addition, ForceField is listed here among the other Dream Team clients on the Investors Hub page for Mission IR. Mission IR was the Dream Team subsidiary responsible for handling the paid articles."
Shares of ForceField Energy Inc (NASDAQ:FNRG) declined to as low as $3.66 per share on April 17, 2015.
Those who purchased shares of ForceField Energy Inc (NASDAQ:FNRG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego