Faruqi & Faruqi, LLP Announces Investigation of JBI, Inc.
August 04 2011 - 1:17PM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at JBI, Inc.
(“JBI” or the “Company”) (OTCQX: JBII). Faruqi & Faruqi, LLP
seeks to determine whether JBI has violated the federal securities
laws in connection with JBI’s statements to the Company’s
shareholders.
Request more information now by clicking here:
www.faruqilaw.com/JBII
Specifically, the investigation concerns: (1) the Company’s
accounting for its 2009 acquisitions of JavaCo, Inc. and Pak-It,
LLC; (2) the Company’s recent restatement of its accounting for
those acquisitions; and (3) the SEC Staff’s issuance of a Wells
Notice indicating that it intends to recommend that the Company be
sued for violating federal securities laws in connection with the
restatement.
Take Action
If you purchased JBI securities between August 28, 2009 and July
20, 2011, and you would like to discuss your legal rights, visit
www.faruqilaw.com/JBII. You can also contact us by calling Anthony
Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by sending
an e-mail to avozzolo@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding JBI’s conduct during
the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a boutique law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
Attorney Advertising. (C) 2011 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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