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 recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Worldwide Energy and Manufacturing
Case Name: 
Worldwide Energy and Manufacturing Class Action Lawsuit 12/04/2012
Case Status: 
Lawsuit Filed
Case Status: 
Settlement Proposed
Affected Securities
OTC: WEMU
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
12/04/2012
Class Period Begin: 
01/26/2010
Class Period End: 
02/09/2010
Court of Filing: 
Superior Court of the State of California for the County of San Mateo
Settlement Amount: 
$1,615,000
Deadline to Participate in Settlement: 
03/05/2015
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.