The Rosen Law Firm Announces Investigation of Securities Claims Against Worldwide Energy & Manufacturing USA, Inc. – WEMU

The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against Worldwide Energy & Manufacturing USA, Inc. (OTC: WEMU). The investigation stems from allegations that in February 2009, Worldwide Energy secretly entered into an agreement to transfer a 49% interest in its profitable photovoltaic cell manufacturing and sales subsidiary.

On September 6, 2012, the Securities & Exchange Commission announced it had brought charges against Worldwide Energy and three of its senior officers asserting that they had violated the securities laws by failing to disclose they had entered into an agreement to transfer 49% of its photovoltaic cell subsidiary to the managers of the subsidiary. The SEC alleges that Worldwide Energy’s SEC filings were false and misleading as a result of this secret stock transfer agreement.

The Rosen Law Firm is preparing a class action lawsuit against Worldwide Energy to recover losses suffered by investors. If you purchased Worldwide Energy stock or have information that you believe may assist the firm’s investigation please visit the website at http://rosenlegal.com. You may also contact Laurence Rosen, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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