Faruqi & Faruqi, LLP Announces Preliminary Court Approval of Settlement in In re L&L Energy, Inc. Securities Litigation

Faruqi & Faruqi, LLP Announces Preliminary Court Approval of Settlement in In re L&L Energy, Inc. Securities Litigation

(OTC: LLEN)

Faruqi & Faruqi, LLP is pleased to announce the Court’s preliminary approval of a settlement in In re L&L Energy, Inc. Securities Litigation, Master File No. 13-cv-06704-RA (S.D.N.Y.).  The settlement provides for $3,500,000.00 in cash to be paid to class members who purchased LLEN common stock between August 13, 2009 and September 18, 2013, inclusive.  A final approval hearing on the settlement will be held on June 26, 2015 at 10:00 a.m. at the United States District Court for the Southern District of New York.  Notice will be provided to class members in the upcoming weeks, and information about the settlement will be posted on www.strategicclaims.net.  In the meantime, a copy of the Court’s order preliminarily approving the settlement can be found at the link below.