Faruqi & Faruqi, LLP Investigates Potential Wrongdoing at HQ Sustainable Maritime Industries, Inc. & the Resignation of the C...
May 04 2011 - 6:03PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at HQ
Sustainable Maritime Industries, Inc. (“HQS” or the “Company”)
(AMEX: HQS). Faruqi & Faruqi, LLP seeks to determine whether
HQS and its investment bankers Roth Capital Partners and Ladenburg
Thalmann & Co Inc. have violated the federal securities laws in
connection with HQS’s stock offerings and statements to the
Company’s shareholders.
Request more information now by clicking here:
www.faruqilaw.com/HQS
Specifically, the investigation concerns: (1) the Company’s
failure to file its annual report in a timely manner; (2) the
circumstances that led to a halt in trading of the Company’s
shares; (3) the April 6, 2011 resignation of Andrew Intrater, the
Chairman of the Company’s Audit Committee; (4) the issues raised in
Mr. Intrater’s resignation letter concerning the Company’s
stonewalling of the Audit Committee’s investigation into accounting
irregularities; and (5) the circumstances that led to the
resignation of the Company’s counsel, Troutman Sanders.
Take Action
If you purchased HQS securities in the Company’s June 2009 stock
offering from Roth Capital Partners or in the Company’s August 2010
offering from Ladenburg Thalmann & Co. Inc. and you would like
to discuss your legal rights, visit www.faruqilaw.com/HQS. You can
also contact us by calling Anthony Vozzolo toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to
avozzolo@faruqilaw.com. Faruqi & Faruqi, LLP also encourages
anyone with information regarding HQS’s conduct during the period
in question to contact the firm, including whistleblowers, former
employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. 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 are happy to
discuss your particular case.
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