SOURCE: Kahn Swick & Foti, LLC

May 29, 2015 22:00 ET

FORCEFIELD SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ForceField Energy Inc. - FNRG

NEW ORLEANS, LA--(Marketwired - May 29, 2015) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 16, 2015 to file lead plaintiff applications in a securities class action lawsuit against ForceField Energy Inc. (NASDAQ: FNRG) if they purchased the Company's securities between September 16, 2013 and April 15, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of ForceField and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 16, 2015.

About the Lawsuit

ForceField and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

These false statements and omissions included, in part, that: (i) articles issued by independent authors touting ForceField were paid promoters; and (ii) ForceField's management reviewed these articles before publication.

On April 15, 2015, Seeking Alpha published an article accusing ForceField of previously paying the now-shuttered stock promotion firm The DreamTeam Group to conduct a misleading campaign designed to boost ForceField's stock price in which the Company paid DreamTeam to publish purportedly independent, positive reports.

Then, on April 20, 2015, the Company disclosed that its CEO Richard St-Julien had been arrested on April 17, 2015 and resigned on April 19, 2015.

On this news, the price of ForceField's shares plummeted by over 21%.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447