Science & Technology
Thu, February 23, 2012Wed, February 22, 2012Tue, February 21, 2012Mon, February 20, 2012Sun, February 19, 2012Sat, February 18, 2012Fri, February 17, 2012Faruqi & Faruqi, LLP Announces Investigation of New Energy Systems Group
Published in Science and Technology on Tuesday, February 21st 2012 at 16:50 GMT by Market Wire
Faruqi & Faruqi, LLP Announces Investigation of New Energy Systems Group -- NEW YORK, Feb. 21, 2012 /PRNewswire/ --
Faruqi & Faruqi, LLP Announces Investigation of New Energy Systems Group
NEW YORK, Feb. 21, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at New Energy Systems Group ("New Energy" or the "Company") (AMEX: NEWN).
(Logo: [ http://photos.prnewswire.com/prnh/20120119/MM38856LOGO ] )
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) New Energy inaccurately depicted itself as possessing a loyal customer base; (2) Company products were of lesser quality than advertised; (3) the Company would not continue to receive substantial orders from its customers; and (4) the battery business would be unprofitable due to deficient battery quality and weak distribution networks.
Request more information now by clicking here: [ www.faruqilaw.com/NEWN ]
Take Action
If you purchased New Energy securities between April 15, 2010 and November 14, 2011 and would like to discuss your legal rights, visit [ www.faruqilaw.com/NEWN ]. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [ rgonnello@faruqilaw.com ] or [ fmcconville@faruqilaw.com ]. Faruqi & Faruqi, LLP also encourages anyone with information regarding New Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[ rgonnello@faruqilaw.com ]
Francis McConville, Esq.
[ fmcconville@faruqilaw.com ]
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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