Robbins Umeda LLP Investigates Alternate Energy Holdings, Inc.
By Avik, Gaea News NetworkFriday, December 24, 2010
SAN DIEGO (GaeaTimes.com) — Robbins Umeda LLP has commenced an investigation into Alternate Energy Holdings, Inc. (”Alternate Energy” or the “Company”) (OTC: AEHI.PK) concerning possible violations of state and federal securities laws.
Alternate Energy claims that it is a development stage company, focusing on the purchase, optimization, and construction of green energy sources, primarily nuclear power plants, in the United States. The Company was founded in 2005 and is based in Eagle, Idaho.
Robbins Umeda’s investigation concerns whether Alternate Energy issued false and misleading statements to the public regarding the Company’s true financial condition and business prospects. Specifically, our investigation concerns whether Alternate Energy engaged in a scheme to manipulate the price of the Company’s stock by issuing misleading statements about the business and concealed secret profits reaped by Chief Executive Officer Donald L. Gillispie and Senior Vice-President Jennifer Ransom.
On December 14, 2010, the U.S. Securities and Exchange Commission (the “SEC”) issued an order to temporarily suspend trading of the Company’s stock. Shortly thereafter, on December 16, 2010, the SEC instituted a civil action against the Company and Donald L. Gillispie and Jennifer Ransom, to prevent Alternative Energy and its executives from raising additional funds from investors.
If you purchased Alternate Energy stock between September 20, 2006, and December 14, 2010, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm’s skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights lawyers. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to https://www.robbinsumeda.com.
