NEW YORK, Sept. 21, 2016 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against BlueNRGY Group Limited, f/k/a CBD Energy Limited (“BlueNRGY” or the “Company”) (OTC:CBDEF) and certain of its officers. The class action is on behalf of a class consisting of all persons or entities who purchased BlueNRGY securities from June 13, 2014 through October 24, 2014 inclusive (the “Class Period”).
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).
The Complaint alleges that throughout the Class Period, Defendants issued false and misleading statements to investors and/or failed to disclose material information. On October 24, 2014, BlueNRGY announced that its formerly released audited fiscal statements for 2012 and 2013 and interim financial statements for the six months ended December 31, 2013 should no longer be relied upon. BlueNRGY said some transactions involving Gerard McGowan, the Company’s former Executive Chairman and Managing Director, were not correctly disclosed, thus making BlueNRGY’s financial statements for the fiscal years 2012 and 2013 false and misleading. Once this news was made public, the BlueNRGY stock dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/cbde or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com . Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in BlueNRGY you have until November 7, 2016 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com
