Pomerantz Law Firm Investigates Claims on Behalf of Investors of L&L Energy, Inc.


NEW YORK, Aug 30, 2011 (GlobeNewswire via COMTEX) -- Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of L&L Energy, Inc. ("L&L" or the "Company") who purchased L&L shares from August 13, 2009 through August 2, 2011 (the "Class Period"). Such investors are advised to contact Rachelle R. Boyle at rrboyle@pomlaw.com or 888-476-6529, ext. 350.

The investigation concerns whether defendants issued materially false and misleading statements regarding the Company's internal controls, and true business and financial condition.

On July 29, 2011 the Company amended its fiscal year 2010 10-K to disclose internal control deficiencies within the Company. 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. When this adverse information entered the market, the price of L&L stock fell.

The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com .


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