Science & Technology
Fri, December 2, 2011 
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against FriendFinder Networks, Inc. (aFFNa or the aCompanya) (NASDAQ:FFN) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company in connection with its May 11, 2011 public offering of common stock (the aMay Offeringa) regarding FFNas business and operations were false and misleading.
FFN is an Internet and technology company that provides services in the social networking and Web-based video sharing markets. The Companyas services include social networking, online personals, premium content, live interactive video, recorded video, online chatrooms, instant messaging, photo, video and voice sharing, blogs, message boards and free e-mail. The investigation relates to the Registration Statement and Prospectus dated May 10, 2011 and May 11, 2011, respectively, issued in connection with the May Offering.
According to the Registration Statement and Prospectus, there would be approximately 26.7 million common shares outstanding after the May Offering, including at least 20.9 million shares subject to a 180-day lock-up period, during which the shares could not be traded (the aRestricted Sharesa). The investigation concerns allegations that these statements were false and misleading when made because a material number of the Restricted Shares were publicly traded during the lock-up period, and the Company was suffering from deficient internal controls and was, therefore, unable to abide by the terms of the Registration Statement and Prospectus.
If you purchased FFN common stock, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].
