NEW YORK, NY, Aug 29, 2011 (MARKETWIRE via COMTEX) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Washington on behalf of purchasers of L&L Energy, Inc. ("L&L Energy" or the "Company") /quotes/zigman/116102/quotes/nls/llen LLEN +2.63% common stock from August 13, 2009 through August 2, 2011 (the "Class Period"). The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's internal controls, and true business and financial condition.
For more information, click here: http://zlk.9nl.com/ll-energy/ .
On August 2, 2011, analyst firm Glaucus Research issued a report alleging, among other things, that L&L failed to properly disclose the Company's ownership stake in certain assets and subsidiaries. Furthermore, the report indicates that L&L Energy's 2009 financial statements filed with Chinese authorities showed much worse financial metrics than those represented in SEC filings. The Complaint further alleges that when this information hit the market, the price of L&L Energy stock fell thereby damaging investors.
If you are a member of the class and suffered a loss in L&L Energy stock, you have until October 25, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/ll-energy-llen.html .
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Source:marketwatch