RADNOR, Pa., May 18, 2015 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a shareholder class action has been filed against ForceField Energy, Inc. (Nasdaq: FNRG) ("ForceField" or the "Company") on behalf of purchasers of the Company's common stock between September 16, 2013 and April 15, 2015, inclusive (the "Class Period"), and reminds ForceField shareholders that they may, no later than June 16, 2015, petition the Court for appointment as a lead plaintiff of the class.
ForceField shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299-7706 or via email at firstname.lastname@example.org. For additional information about this lawsuit, or to request information about this action online, please visit http://www.ktmc.com/case/ForceFieldEnergy.
The Complaint alleges that, during the Class Period, ForceField and certain of its executive officers made a series of materially false and misleading statements about the Company's business, operational and compliance policies. Specifically, the Complaint alleges that the defendants made false and misleading statements and/or failed to disclose that: (1) some positive reports on the Company's prospects had been issued by stock promoters, who were not independent authors, but rather were paid by the Company to tout the Company and were reviewed by ForceField's management before publication; and (2) members of ForceField's management have been sued for fraudulently misrepresenting companies with which they were involved, and for engaging in unethical practices.
Shareholder Update: Kessler Topaz Meltzer & Check advises ForceField shareholders that, subsequent to the Class Period, on May 1, 2015, ForceField announced that it had provided Nasdaq with the determination to voluntarily terminate the listing of its shares of common stock from the Nasdaq exchange. Additionally, ForceField disclosed that "the Company's shares of common stock have, since April 20, 2015, been subject to trading halts imposed by Nasdaq, and, thereafter by the SEC."
Members of the class may, no later than June 16, 2015, petition the Court for appointment as a lead plaintiff of the class. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check (Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706 or (610) 667 – 7706, or via e-mail at email@example.com. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For additional information about the lawsuit, or to request information about the action, please visit http://www.ktmc.com/case/ForceFieldEnergy.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.
CONTACT: Kessler Topaz Meltzer & Check, LLP Darren J. Check, Esq. D. Seamus Kaskela, Esq. Adrienne O. Bell, Esq. 280 King of Prussia Road Radnor, PA 19087 (888) 299 - 7706 (610) 667 - 7706 firstname.lastname@example.org
SOURCE Kessler Topaz Meltzer & Check, LLP