Faruqi & Faruqi, LLP Is Investigating National Lampoon, Inc. On Behalf of Its Shareholders - NLMP
08 Dezembro 2010 - 8:26PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors and Officers of National Lampoon, Inc. (“National
Lampoon” or the “Company”) (OTC: NLMP.PK). The investigation
focuses on possible violations of the federal securities laws and
breaches of fiduciary duties by National Lampoon and certain of its
Officers and Directors.
The investigation focuses on allegations that certain statements
issued by the Company regarding National Lampoon’s business,
operations and prospects misrepresented the Company’s financial
performance. Specifically, National Lampoon and its former Chief
Executive Officer Daniel Laikin allegedly engaged in an unlawful
scheme to artificially inflate the price of the Company’s stock to
create the illusion of an active and liquid market in the Company’s
share, which would subsequently make the stock appear more
attractive and drive up the prices. On December 15, 2008, Mr.
Laikin and other were charged with conspiracy and securities fraud
by federal prosecutors in connection with the market manipulation
scheme. On this news, the share price dropped, the Company was
eventually delisted from the New York Stock Exchange Alternext, and
investors suffered significant losses. Recently, Mr. Laikin pled
guilty to securities fraud for his role in the scheme.
If you have lost in excess of $100,000, request more information
now by clicking here: www.faruqilaw.com/NLMP
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you have lost in excess of $100,000 in connection with your
ownership of common stock in National Lampoon and wish to obtain
additional information, please visit us at www.faruqilaw.com/NLMP
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. 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 are happy to
discuss your particular case.
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