Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of LIME ENERGY CO.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of LIME ENERGY CO. (“Lime Energy” or the “Company”) (NASDAQ: LIME) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between May 13, 2010 and July 17, 2012, regarding Lime’s business, operations and financial condition were false and misleading.

Lime Energy is a provider of clean energy solutions. The investigation relates to the Company’s July 17, 2012, announcement that, based on the results of a partial internal review, Lime Energy’s consolidated financial statements for the periods ended December 31, 2010 and December 31, 2011, as well as the quarterly report for the period ended March 31, 2012, may no longer be relied upon. According to the Company, based on the results of that partial internal review, Lime Energy believes that some portion of the Company’s revenue was improperly recorded and expects that the misreporting may potentially require restatement of Lime Energy’s prior financial statements. On July 17, 2012, following the Company’s announcement, shares of Lime Energy declined precipitously, as much as 44%, on unusually heavy volume.

If you purchased Lime Energy securities between May 13, 2010 and July 17, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at www.howardsmithlaw.com.