Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Southern District of New York on behalf of shareholders who purchased ForceField Energy, Inc. (NASDAQ: FNRG) securities between September 16, 2013 and April 15, 2015.
The complaint alleges that the Company failed to disclose that articles issued by independent authors touting the Company were in fact paid promotions. On April 19, 2015 the Company’s founder and majority shareholder voluntarily resigned as Executive Chairman of the Board following his April 17, 2015 arrest. Shares of ForceField were down more than 21% on intraday trading on April 20, 2015. If you suffered a loss in ForceField you have until June 16, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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