NASDAQ CM
FNRG

ForceField Energy Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ForceField Energy Inc. (NASDAQ CM: FNRG)

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of ForceField Energy Inc. (“ForceField” or the “Company”) (NASDAQ CM: FNRG) between September 16, 2013 and April 15, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of ForceField during the Class Period, or purchased shares prior to the Class Period and still hold ForceField,  and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) some of the reports issued by promoters paid by the Company pretended to be independent authors, did not disclose their compensation, and the content of the reports were reviewed by ForceField’s management before publication; and (2) members of ForceField’s management have troubling histories with fraudulent companies.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on March 20, 2015, Fortune.com published an article discussing the role of stock promoters, specifically the DreamTeamGroup (“DTG”), a securities advertiser and investor relations firm, and how stock promoters must reveal compensation for these types of articles.  Then, on April 15, 2015, SeekingAlpha.com published an article which further revealed the undisclosed promotion and control and knowledge over DTG activities.

On this news, shares in ForceField dropped almost 60% in the following days, closing at $3.11 per share on April 20, 2015, before the Company voluntarily terminated the listing of its shares on the NASDAQ exchange.

If you wish to serve as lead plaintiff, you must move the Court no later than June 16, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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