NEW ORLEANS, May 1, 2015 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they
have until June 16, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against ForceField Energy Inc. (NasdaqCM: FNRG) if they
purchased the Company's securities between the period of
September 16, 2013 through
April 15, 2015, inclusive (the "Class
Period"). This action is pending in the United States District
Court for the Southern District of New
York.
What You May Do
If you purchased shares of ForceField and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by June 16,
2015.
About the Lawsuit
ForceField and certain of its executives are charged with
failing to disclose material information during the Class Period,
violating federal securities laws.
These false statements and omissions included, in part, that:
(ii) articles issued by independent authors touting ForceField were
promoters ForceField paid; and (ii) ForceField's management
reviewed these articles before publication.
On April 15, 2015, Seeking
Alpha published an article accusing ForceField of previously
paying the now-shuttered stock promotion firm The DreamTeam Group
to conduct a misleading campaign designed to boost ForceField's
stock price in which the Company paid DreamTeam to publish
purportedly independent, positive reports on the Company.
Then, on April 20, 2015, the
Company disclosed that its CEO Richard
St-Julien had been arrested on April
17, 2015 and resigned on April 19,
2015.
On this news, the price of ForceField's shares plummeted by over
21%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C.
Foti, Jr., and other lawyers with significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC