Danziger Shapiro & Leavitt, P.C. Announces Investigation of Lime Energy Co.
PHILADELPHIA, PA, July 23, 2012- Danziger Shapiro & Leavitt, P.C., a Philadelphia based litigation law firm, (www.DS-L.com) is investigating securities fraud claims against Lime Energy Co. (NASDAQ: LIME). This inquiry centers on allegations that statements issued by Lime Energy regarding its business operations and the company's financial condition were deceptive and false.
On July 17, 2012, Lime Energy publicly disclosed that its consolidated financial statements may be unreliable for the years ending December 31, 2010 and December 31, 2011, as well as for the quarter ending March 31, 2012. The company disclosed it found improperly reported revenue, including the reporting of non-existent revenue as well as revenue which was reported earlier then allowed. Upon the release of this news, shares of Lime Energy dropped approximately 45%, or $0.91 per share.
Individuals who purchased Lime Energy shares between March 10, 2011 and July 17, 2012 that would like to learn more about this investigation, have interest in joining a class-action lawsuit, or have any questions concerning this announcement and their rights, should contact Douglas M. Leavitt, Esquire: (215) 545-4830 or visit: www.ds-l.com/shareholder. You may also email Mr. Leavitt at leavitt@DS-L.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.About Danziger Shapiro & Leavitt, P.C.
Danziger Shapiro & Leavitt, P.C., is a litigation law firm committed to representing investors nationwide in securities matters and shielding investors against corporate misconduct. For additional information, please visit www.ds-l.com/shareholder.