LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Todd M. Garber announces that shareholders of Lime Energy Co. (“Lime Energy” or the “Company”) (NASDAQ:LIME) have until September 18, 2012 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Northern District of Illinois. The lawsuit was filed on behalf of a class (the “Class”) comprising all persons or entities who purchased the securities of Lime Energy between May 13, 2010 and July 17, 2012, inclusive (the “Class Period”).
Lime Energy is a provider of clean energy solutions. The Complaint alleges that throughout the Class Period the Company and certain of its executive officers issued false and/or misleading statements or failed to disclose material adverse facts about Lime Energy’s business, operations and financial condition, including: (1) that the Company was improperly recording revenue; (2) that, as a result, the Company’s revenue and financial results were overstated; (3) that, as such, the Company’s financial statements were not prepared in accordance with Generally Accepted Accounting Principles; (4) that the Company lacked adequate internal and financial controls; and (5), as a result of the foregoing, that the Company’s financial statements were materially false and misleading at all relevant times.
If you purchased Lime Energy securities between May 13, 2010 and July 17, 2012 you may move the Court no later than September 18, 2012 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take no action 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 Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.