Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against JBI, Inc. (PINKSHEETS: JBII)
July 29 2011 - 4:14PM
Marketwired
On July 28, 2011, a class action lawsuit was filed in the United
States District Court for the District of Nevada against JBI, Inc.
(PINKSHEETS: JBII). The complaint alleges violations of federal
securities laws, Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5, including allegations of
issuing a series of material misrepresentations to the market which
had the effect of artificially inflating the market price. The
class period is from August 28, 2009 through July 20, 2011.
Plaintiff seeks to recover damages on behalf of the Class. If
you are a member of the Class as described above, you may move the
Court no later than Monday, September 26, 2011, to serve as a lead
plaintiff for the Class. However, in order to do so, you must meet
certain legal requirements pursuant to the Private Securities
Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any
other lawsuit, or have any questions or concerns regarding this
notice, or preservation of your rights, please contact:
K. Lynn Nunn FEDERMAN & SHERWOOD 10205 North Pennsylvania
Avenue Oklahoma City, OK 73120 (405) 235-1560 Email to:
kln@federmanlaw.com www.federmanlaw.com
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