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Worldwide Energy & Manufacturing USA Inc (OTC: WEMU) Investor Securities Class Action Lawsuit 12/04/2012

  • If you purchased shares of Worldwide Energy & Manufacturing USA Inc (OTC: WEMU), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Worldwide Energy & Manufacturing USA Inc
Security
OTC: WEMU

Case Name
Worldwide Energy and Manufacturing Class Action Lawsuit 12/04/2012
Type of Lawsuit
Shareholder Class Action
Class Period Begin
Class Period End
Settlement Notice
worldwide_energy_and_manufacturing_usa_inc_settlement_notice_12_2014.pdf
Settlement Proof
worldwide_energy_and_manufacturing_usa_inc_settlement_proof_12_2014.pdf
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Summary

The settlement for this case is on behalf of investors who purchased shares of Worldwide Energy & Manufacturing USA Inc (OTC: WEMU) sold in private placements closing on January 26, 2010 and February 9, 2010.
November 13, 2013 - The court remanded the case to the Superior Court of the State of California for the County of San Mateo.

July 9, 2013 - The case was removed to the U.S. District Court for the Northern District of California.

July 5, 2013 - Worldwide Energy & Manufacturing USA Inc filed for bankruptcy protection.

December 4, 2012 - An investor in shares of Worldwide Energy & Manufacturing USA Inc (OTC: WEMU) filed a lawsuit in the Superior Court of the State of California for the County of San Mateo against Worldwide Energy & Manufacturing USA Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements.