BigClassActions.com
Advertisement

Alternate Energy Holdings Inc, AEHI.PK Securities Stock Fraud

- by

Company: Alternate Energy Holdings Inc,
Ticker Symbol: AEHI.PK
Class Period: Sep-20-06 to Dec-14-10
Date Filed: Jan-11-11
Lead Plaintiff Deadline: Mar-12-11
Court: District of Idaho
Allegations:
Boulder, CO: A class action lawsuit has been filed in the U.S. District Court for the District of Idaho on behalf of purchasers of the common stock of Alternate Energy Holdings, Inc. ("Alternate Energy" or the "Company") between September 20, 2006 through December 14, 2010, inclusive (the "Class Period").

The Complaint alleges that Alternate Energy and certain of its officers and directors misrepresented the Company's business condition, manipulated its stock price, and concealed secret profits that were reaped by the Company's CEO, Donald L. Gillispie ("Gillispie"), and its Senior Vice President of Administration, Jennifer Ransom ("Ransom").

On December 16, 2010, the United States Securities & Exchange Commission ("SEC") filed a lawsuit against Alternate Energy, Gillispie, and Ransom. Two days prior, on December 14, 2010, the SEC issued an order temporarily suspending trading of the Company's common stock. Following these events, on December 20, 2010, Gillispie announced that he had taken a voluntary leave of absence until the court had ruled on the validity of the SEC's lawsuit.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Alternate Energy Holdings Inc, AEHI.PK Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Alternate Energy Holdings Inc, securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

Maybe it's your stockbroker

Add Your Comment on This Issue

Please read our comment guidelines before posting.


Note: Your name will be published with your comment.


Your email will only be used if a response is needed.

Request Legal Help