Faruqi & Faruqi, LLP Is Investigating National Lampoon, Inc. On Behalf of Its Shareholders

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.

National Lampoon (CE) (USOTC:NLMP)
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