Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

"Legal Proceedings
We received subpoenas from the SEC on June 28, 2011 and March 28, 2012 requiring us to provide documentation to the SEC and for designated officers to provide testimony to the SEC. The SEC is investigating us and our officers, directors and others regarding compliance or possible violations under certain securities laws, primarily relating to our issuance and sale of unregistered securities, the purchase and sale of our securities and reports and other disclosures that we made to our shareholders and publicly. We have been cooperating with the SEC with respect to its investigation. Our Chief Executive Officer provided testimony to the SEC on the record and we produced documents to the SEC in response to the subpoenas. The SEC has
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the authority to order a wide scope of remedies against us and any of our officers or directors, any of which could materially and adversely affect us, our ability to issue our securities and the price of, or ability to trade, our common stock. The SEC is continuing its investigation and we cannot provide any assurance of when the SEC investigation will be concluded or the effect of any remedies that the SEC may seek to enforce, if any."

http://marketbrief.com/laidlaw-energy-group-inc-/s1-a/ipo-registration-amendment-/2012/7/6/9581831/filing?s=st

there are other legal proceeding in the report which you can read by going to the link