MAIL FRAUD
plain and simple
AND he is an American citizen feel free to call the CIA!
Oh, did I mention this one?
The lawsuit is for purchasers of the common stock of Emcore Corporation
(NASDAQ: EMKR) between June 12, 2007 and June 30, 2008.
The lawsuit alleges that the Company made false and misleading statements
throughout the class period in violation of federal securities laws by
publishing statements that its main customer, Green and Gold Energy ("GGE"),
was a viable company that could afford to purchase the product it had
backordered from Emcore. In fact, the lawsuit alleges, Emcore knew that Green
and Gold Energy would not be able to pay for its backlogged orders because,
among other things, Emcore knew that: (1) the CEO of GGE formerly promoted a
failed venture to produce a "perpetual motion machine" (a machine that modern
science has proven cannot be made, and for which investors reportedly lost all
their money), (2) GGE did not even have a plant to build the machine in which
it was going to use the product it ordered from Emcore, (3) the prototype of
GGE's machine in which it would use Emcore's product was not functional, and
(4) the company GGE touted as it "exclusive distributor"
(Zolar Distributors) was a sham company with no physical address created by
GGE itself. Moreover, the lawsuit alleges that Emcore's insiders traded on the
information that they concealed from the investing public, making big profits
on unscheduled and unusual trades that they made ahead of the precipitous fall
in the Company's share price.
On March 18, 2008, reports that GGE was not a viable company started to
surface. On the basis of these reports, and Emcore's rebuttal to the reports,
made the same day, which failed to address the specific allegations against
GGE, the price of Emcore's shares dropped precipitously, falling more that 23%
from the previous day's trading, on heavy volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class
members. If you purchased common stock in Emcore Corporation (NASDAQ: EMKR)
between June 12, 2007 and June 30, 2008 you may join the lawsuit by submitting
your information online, or you may call the Law Offices of Howard G. Smith and
speak to Mr. Smith directly to learn how he can protect your rights.
WAKE UP GREGGY
We'd like to have a chat with you!!
