NEW YORK, July 20, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that it has filed a class action lawsuit on behalf of investors who purchased the common stock of Lime Energy Co. (Nasdaq:LIME) during the period between May 13, 2010 and July 17, 2012 (the "Class Period") to recover damages for violations of the federal securities laws.
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 firstname.lastname@example.org or email@example.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.
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.
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 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 of this adverse information, the price of Lime Energy stock 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 firstname.lastname@example.org. 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.
CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, New York 10016 Tel: (212) 686-1060 Weekends Tel: (917) 797-4425 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 email@example.com firstname.lastname@example.org www.rosenlegal.com