On or around 02/26/2018 (Date of order of final judgment)
Filing Date: April 17, 2015
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.
Company & Securities Information
Defendant: ForceField Energy Inc.
Industry: Electric Utilities
Headquarters: United States
Ticker Symbol: FNRG
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Lori Atkinson, et al. v. ForceField Energy Inc., et al.