NEW YORK, Aug. 18, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important September 18, 2012 lead plaintiff deadline in the securities fraud class action against Lime Energy Co. (Nasdaq:LIME) to recover damages for investors who purchased Lime Energy securities during the period between May 13, 2010 and July 17, 2012.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
To join the Lime Energy class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., or Jonathan Horne, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or jhorne@rosenlegal.com for information on the class action. The lawsuit filed by the firm is pending in the U.S. District Court for Northern District of Illinois.
The Complaint asserts violations of the federal securities laws against Lime Energy and its officers and directors, for issuing materially false and misleading financial information. The Complaint alleges that during the Class Period, Lime Energy improperly recognized revenue on non-existent revenue and in other cases improperly recorded revenue earlier than the Company should have. The Complaint alleges that when the market learned for this adverse information the price of Lime Energy stock to fell over 40%.
If you wish to serve as lead plaintiff, you must move the Court no later than September 18, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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