I don't know if you just fell off a turnip truck or maybe was born yesterday, but there are already a number of class action suits against LLEN.
Some of them are dated, going back some 3-4 years, and the others are brand new actions that will or have been consolidated.
However, all the suits are currently awaiting the end of the Criminal suit. This includes the SEC, ongoing investigation that the newer Class actions will use as part of their official federal complaint.
All you need to do is wait...
But I seriously doubt, that there will be much to collect by the time these actions come to their eventual conclusions..
LLEN never had any cash and does not today. All you have is a potential suit against the auditors, and whatever insurances will pay for officers..
In the end, the other poster was correct in saying that lawyers generally get a portion...(25%) leaving little to distribute after the costs to distribute are also deducted..But ............You don't need to spend any money waiting...(assuming you qualify for the "Class".)
Just responding to a asinine post inferring that those on the other side of the trade had inside or better said...illegal information that they acted on. It, like manmade global warming, is a imaginative fantasy. Apparently shared like the flu...
Not gloating....just responding...reacting, and restating my position.
Some info to counter that French BS..
Here are a few facts about Abu Bakr al-Baghdadi:
•He was born Ibrahim al-Badari in 1971 near Samarra, 50 miles north of Baghdad.
•He earned a bachelor’s degree, a master’s degree and a PhD in Islamic Studies from the Islamic University of Baghdad in Adhamiya, a Baghdad suburb.
Related: Why Taking on ISIS Could Be a Fiscal Fiasco
•In March 2003, when the United States invaded Iraq, Baghdadi was still a student and “was not thought to be connected to either al Qaeda or its local offshoot in the early years of resistance,” said The Guardian.
•Within a couple of years, Baghdadi “had been captured as a suspected mid-ranking figure in the anti-U.S. Sunni insurgency,” The Guardian reported, and was imprisoned at Camp Bucca, the U.S.-run detainment center in southern Iraq.
•It’s not clear exactly how or why he was rounded up with others and held there. “Some media reports note that he was held as a ‘civilian internee’ at the prison for 10 months in 2004,” Mother Jones said. That period of time is the position of the U.S. Department of Defense.
•Others claim he was incarcerated at Camp Bucca after being captured by U.S. forces in 2005. This latter information, though not substantiated by DOD, seems to be the prevailing wisdom.
•While detained by the U.S., he was not assigned to Compound 14 where extremist Sunnis were kept. He was considered largely “unremarkable.”
•“A lot of times, the really bad guys tended to operate behind the scenes because they wanted to be invisible,” an officer at Camp Bucca told The Daily Beast.
•When he finally walked out of the U.S. detention camp in 2009, Baghdadi told his captors, “I’ll see you guys in New York,” Army Colonel Kenneth King, the commanding officer of Camp Bucca at the time, told The Daily Beast.
•He left the camp with a group of others and was taken to “a smaller facility near Baghdad,” The Daily Beast reported.
Does not sound like the life of a Israeli or jew.
How about the black guy in Oklahoma would cut the head of a former woman co-worker.....shouting allahallah.
He a Mossad agent too.....lol
Must be workplace violence...Yeah...that's what it is....just like the Army major who decided to shoot a bunch of Army soldiers indiscriminately..
If you think about it...the guy who killed a Army recruiter in Arkansas not to long ago must have been workplace violence too...or the American soldier guy with the grenade at a base during the Iraq war...more workplace violence..
Going way back to Maryland when that guy and a kid were driving around killing people in the street from the car with a rifle.....more workplace violence and Mossad agents.....lol
This mess is a lot bigger than ISIS....(not going to call them ISIL) That would put them in Lebanon..
Well.....if it was about Agfeed, I am not clear on what sort of letter you received..
Last year at that time, the case was suspended while Agfeed was in Bankruptcy,,,all cases were temporarily suspended...
Could it have been a letter from a plaintiffs lead lawyer...??They are always fishing for bigger, better clients..
Far as I know, they use the registrant as the primary source of stock ownership, insofar as sending out notifications to people who may be members of a class action, but the transaction history is also important to you, so I suppose it might be important to at least retain access to that transaction history until all this legal stuff is completed...(Just my personal thinking on this matter)
Short of that, I would at least make copies of everything, because I do not know how long they retain data..
And yes, I very much doubt that any transaction history would be transferred to a second unrelated broker.
BTW...to refresh the current state of the Class Action "Class Periods" (there are two, one for Zhao/zhu/puda and one for the other defendants)
Zhao/Zhu/puda is November 13, 2009 to April 8, 2011 inclusive.
Other defendants is March 31, 2010 to April 8, 2011 inclusive.
I have no reason to think this will change now, but you never know....lol
There may be no parole, but there is probation...
While each count carries a 25 year max. the sentencing is going to be based on pre-sentencing reports and precedents.
No telling what he will receive, with credit for time served, but they do have a 5 year probation.
I hate to be a pity party pooper, but U&U as well as myself, never had any kind of inside information at any time.
The call was a combination of research, analysis of SEC documents, a number of research reports, and a bit of conjecture, based on past and present activities of the Chinese side of these reverse mergers and others that still remain listed on US markets.
Frankly speaking, it's not brain surgery.
Full docket text for document 416:
ORDER: Upon reviewing the docket, it appears that plaintiffs have not served defendants Puda Coal, Inc. ("Puda") and Ming Zhao ("Zhao") with the documents regarding the show cause hearing. Plaintiffs shall serve, through means other than ECF, a copy of the following documents on defendants Puda and Zhao not later than Monday, October 13, 2014 as further set forth in this order. Plaintiffs shall file proof of service on ECF not later than Friday, October 17, 2014. In light of the failure to serve to defendants Puda and Zhao, the deadlines in the August 25, 2014 Order are hereby extended. Any party seeking to contest the motion for default judgment (ECF Nos. 395, 396, 397) or the materials supporting the damage amount (ECF No. 415) shall file a notice stating the same not later than Monday, November 3, 2014. If there is a factual dispute, then the Court shall hold an evidentiary hearing on Friday, November 14, 2014, at 12 p.m. The Court warns defendants Puda and Zhao that, should they fail to contest the motion for default judgment, the Court may enter default judgment against them in the amount requested by plaintiffs., ( Evidentiary Hearing set for 11/14/2014 at 12:00 PM before Judge Katherine B. Forrest.) (Signed by Judge Katherine B. Forrest on 9/23/2014) Filed In Associated Cases: 1:11-cv-02598-KBF et al.(lmb)
The Commission believes that it has made a good faith effort to serve the defendants
pursuant to Rule 4(f)(l) and has reached the conclusion that, in this case, the Hague Convention
process simply does not appear to be a viable mechanism to effect service. As such, the
Commission respectfully requests that it be permitted by the Court to file a Motion for
Alternative Service Pursuant to Rule 4(£)(3) of the Federal Rules of Civil Procedure by
November 7, 2014. This will give the process in China an additional few weeks in the event the
papers do get served, but will provide for an appropriate contingency plan to move this case
forward on the Court's docket.
Excerpted...This is the last paragraph...the rest details previous attempts to serve papers on Zhao and Zhu..
Pursuant to Rule 55(b) of the Federal Rules of Civil Procedure and Rule 55.2 of the Local
Civil Rules for the United States District Courts for the Southern and Eastern District of New York
(“Local Rules”) Lead Plaintiffs and the Class moved for entry of default against defendants Puda
Coal, Inc. (“Puda”) and Ming Zhao (“Zhao”). (Dkt. Nos. 395-397) (“Default Judgment Motion”).
Plaintiffs’ Default Judgment Motion seeks judgment against Puda and Ming Zhao for
monetary damages in the amount of $236.7 million.
The monetary damages amount sought by Plaintiffs’ Default Judgment Motion is based upon
the Declaration of Peter W. Lert Ph.D., CFA (“Lert Report”) as to the damages incurred by investors
included in the Defaulted Defendants’ Class Period as defined by the Court’s Order of October 1,
2013. (Dkt. No. 263).
This is a short excerpt...I thought you might be interested ......
It goes on to affirm the accuracy of the damage claim..
Probably had a phone number and contact information in it..
The yahoos who run this site tend to frown upon posting what they think is personal information.
It really does not matter much, as the information you posted can be found by simply searching the question, "What is a transfer agent?"
Oh...I missed the question on the "zero value".
Yes, that is correct.
As a trading instrument, the equity known as FEED, currently cannot be traded and has zero or par value. Since the brokerage cannot do anything with the shares, as the registration is revoked, they show the value as zero.
I would leave them there until this matter is resolved. Unless they advise you to do other wise. Far as I know,you may still be able to obtain your certificates. Some do, to use as wall paper or a dart board...lol but since there is still pending litigation, your portfolio, worthless as it is, is proof that you have the shares so until you don't require that proof, in my case at least, I retain them until all the lawyering is done.
It is possible that this matter will carry forward for some time yet..likely into next year. There could be more than one distribution from the Class action as well.
Hope we are done with it by late 2015, because I plan to relocate and may be out of pocket for a while.
Yes, you are automatically a member of the class if you bought during the class period. I have those dates someplace. But not on this computer or I would give them to you, but I believe it was discussed on this board quite some time ago.
You do not need to notify them as they will notify you, based on your holdings. You should get a notice that you will respond to, and then there is a followup bunch of papers to fill out. It's possible that they will send it all at one time, depending on who does it.
You will also be able to participate in the SEC "fair fund".
So if your address is up to date and your mail delivery is consistent, I don't see how they could leave you off the mailing list with 100K shares. But keep up with the news on this board for as long as it exists. At least until you get your paperwork from both of the distribution funds..Other than that, you don't need to do anything..
It's possible because once a ticker is traded on the OTC, it can languish for quite some time before the SEC files a OIP (order instituting proceedings) and revokes it.
In addition to this, actions concerning this stock are currently stayed, pending the LEE/LLEN criminal case.