Processing your request


please wait...

Case Page

 

Case Status:    SETTLED  
—On or around 02/26/2018 (Date of order of final judgment)
Current/Last Presiding Judge:  
Hon. Naomi Reice Buchwald

Filing Date: April 17, 2015

ForceField Energy Inc. ("ForceField" or the Company) is a distributor and provider of LED lighting products and solutions.

According to the law firm press release, the lawsuit alleges Defendants falsely stated and/or failed to disclose that: (1) articles issued by independent authors touting the Company were in fact paid promoters hired by the Company; (2) ForceField’s management reviewed these so-called independent articles before publication; and (3) members of ForceField’s management have troubling histories with fraudulent companies. When the true details entered the market, the suit claims that investors suffered damages.

On July 22, 2015, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on August 21, 2015. On October 30, 2015, Lead Plaintiff filed a second amended Complaint. Defendants filed a Motion to Dismiss the second amended Complaint on December 9.

Plaintiffs filed a third amended Complaint on May 23, 2016. Defendants filed a Motion to Dismiss the third amended Complaint on June 27. On April 4, 2017, Plaintiffs voluntarily dismissed certain Defendants.

The parties entered into a Stipulation of Settlement on July 26, 2017. This Settlement was preliminarily approved on September 26. On February 26, 2018, the Court granted final approval of the Settlement and entered Final Judgment. The Court issued an Order approving distribution of Class Action Settlement funds on November 6.

Protected Content


Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.