NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP announced today that a class action lawsuit is pending in the United States District Court for the Southern District of New York on behalf of purchasers of ForceField Energy Inc. (“ForceField” or the “Company”) (Nasdaq:FNRG) securities during the period from September 16, 2013 through April 15, 2015 (the “class period”). Pursuant to applicable law, investors have until June 16, 2015 to file a motion to be appointed as lead plaintiff in the investor lawsuit.
The lawsuit charges that the Company failed to disclose that members of its management team have substantial connections to public companies that have been scrutinized for fraudulent or illegal activity. When this information was revealed on April 15, 2015, the price of ForceField shares declined by $2.97, to close at $4.74 per share on April 16, 2015. Moreover, the stock price fell below $3.15 by April 20, 2015.
If you acquired ForceField securities during this period and you are interested in learning more about this matter and any rights you might have with respect to these claims, contact Jess Kelley at firstname.lastname@example.org, by telephone at (212) 371-6600, or by filling out this form. Please bear in mind that some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against ForceField can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.