NEW YORK, June 3, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, reminds
investors in ForceField Energy, Inc. ("ForceField" or the
"Company") (NasdaqCM: FNRG) of the June 16,
2015 deadline to seek the role of lead plaintiff in a
federal securities class action lawsuit filed against ForceField
and certain officers. A complaint against the Company has been
filed in the Southern District of New
York.
The action focuses on whether the Company and its executives
violated federal securities laws by failing to disclose that
ForceField had misled investors by touting paid promotion articles
on the Company and its financial position as independent
research.
On March 20, 2014, a
Fortune article revealed promoter compensation issues at
ForceField. Then, on April 15, 2015,
a Seeking Alpha article disclosed both promoter compensation
issues and various red flags surrounding Company
officers.
On April 19, 2015 the Company's
founder and majority shareholder voluntarily resigned as Executive
Chairman of the Board following his April
17, 2015 arrest. Shares of ForceField plummeted more than
21% in intraday trading on April 20,
2015. However, the Company's various troubles have caused
the Company's stock to plummet by roughly 99 percent since
April 14, 2015. Where ForceField
shares closed at $7.71 on
April 14, 2015, they are now trading
at only $0.12 per
share.
Request more information now by clicking here:
www.faruqilaw.com/FNRG2. There is no cost or obligation to
you.
Take Action
If you invested in ForceField stock or options between
September 16, 2013 and April 15, 2015 and would like to discuss your
legal rights, visit www.faruqilaw.com/FNRG2. You can also
contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
ForceField's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Attorney Advertising. 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
welcome the opportunity to discuss your particular case. All
communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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