Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of New York on behalf of investors who purchased New Energy Systems
Group (“New Energy” or the “Company”) (AMEX: NEWN) stock between April
15, 2010 and November 14, 2011.
For more information, click here: http://zlk.9nl.com/new-energy-systems-group-newn.
There is no cost or obligation to you.
The complaint alleges that during the Class Period, the Company issued
materially false and misleading statements in its filings with the SEC.
These statements included, among other things: (a) that the Company had
a loyal customer base when it did not; (b) that the Company manufactured
quality products when it did not; and that (c) the demand for batteries
would remain profitable. The complaint further alleges that the Company
failed to disclose the adverse effect of counterfeit products on Company
sales. As a result of the aforementioned, the Company’s battery business
had materially declined and the goodwill associated with the Company’s
battery business had become worthless.
If you suffered a loss in New Energy you have until April 10, 2012 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at email@example.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/new-energy-systems-group-newn.
Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud
and represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. Attorney advertising.
Prior results do not guarantee similar outcomes.