DALLAS, July 26, 2012 /PRNewswire/ -- Goldfarb LLP announces that a class action lawsuit has been filed against the board of directors of Lime Energy Co. (NASDAQ : LIME ) for allegedly violating shareholder protection laws. Concerned LIME investors who purchased shares prior to July 17, 2012 are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or firstname.lastname@example.org about their rights and remedies.
"On July 17, 2012, the company disclosed the its Audit Committee discovered that non-existent revenue may have been recorded and that financial statements filed with the SEC for periods ending December 31, 2010 and December 31, 2011 and the quarterly report ending March 31, 2012 are no longer reliable," securities lawyer Hamilton Lindley said. "As a result, the company's stock fell nearly 45 percent. Our shareholder lawsuit will seek to ensure that controls are placed to correct any improper behavior and to improve the company's value for investors."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. LIME shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at email@example.com or 877-583-2855.
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SOURCE Goldfarb LLP