Market Overview

Lime Energy Expands Internal Review

Lime Energy (NASDAQ: LIME) today announced that on December 21,
2012, the Audit Committee of the Board of Directors of Lime Energy Co.
(the “Company”) determined that the Company's consolidated financial
statements on Form 10-K for the years ended December 31, 2008 and
December 31, 2009 (the “2008 - 2009 financial statements”) may no longer
be relied upon. The Audit Committee made that determination based on
information discovered in the course of the Company's internal
investigation of the misreporting of revenue for the years ended
December 31, 2010 and December 31, 2011 and the quarter ended March 31,
2012 (the “2010 - 2012 financial statements" and collectively with the
2008 - 2009 financial statements, the "affected financial statements”)
previously reported in

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Posted-In: News Guidance Asset Sales Management

 

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