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As of 2:20 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

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08/1/13 - €4.84
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07/23/14 - €1.50
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lime energy co (ECLB) Details

Lime Energy Co. is engaged in designing and implementing energy efficiency programs for utilities in the United States. It offers direct install energy efficiency solutions for small and mid-size commercial and industrial business programs to enhance energy efficiency, and reduce energy-related expenditures and the impact of energy use on the environment. The company’s solutions comprise energy efficient lighting upgrades and energy efficient mechanical upgrades. It also provides utility program management and implementation services, which comprise program design, program administration, customer recruitment-marketing and sales, and auditing and implementation of energy efficiency projects. The company was formerly known as Electric City Corp. and changed its name to Lime Energy Co. in September 2006. Lime Energy Co. was founded in 1997 and is headquartered in Huntersville, North Carolina.

122 Employees
Last Reported Date: 03/31/14
Founded in 1997

lime energy co (ECLB) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

lime energy co (ECLB) Key Developments

Lime Energy Co. Settles Shareholder Suit for $2.5 Million

Lime Energy Co. agreed to pay $2.5 million to resolve allegations that it misreported financial revenue to investors. The lawsuit against Lime, a 'clean' energy company alleges the company created fictitious books in order to show that revenue was greater than it actually was. The lawsuit originally sought more than $8 million on behalf of shareholders. The settlement will benefit all persons who acquired Lime securities from May 14, 2008, through Dec. 27, 2012. The settlement received final approval from the district court. Attorneys in the case will receive $750,000 in fees.

Lime Energy Partners with National Resource Management

Lime Energy Co. announced that the company has partnered with National Resource Management, Inc. Lime Energy and NRM have completed development work that enables NRM's suite of refrigeration solutions to be deployed seamlessly through Lime Energy's web-based technology platform. The result is that these solutions can be provided to hundreds of thousands of small businesses within the small business energy efficiency programs that Lime implements on behalf of their utility clients. The companies are working together across several utility territories and states where they are bringing refrigeration upgrades along with other measures to deliver comprehensive energy efficiency projects to small businesses -- long considered a hard to reach market.

Lime Energy Ends Class-Action suit with $2.5 Million Settlement

A federal judge has issued a final order approving Lime Energy's $2.5 million settlement of a class-action lawsuit over $31.6 million of misreported revenue at the company. The settlement includes payments of up to $1,000 to shareholders who bought the company's stock over the nearly four years in which the revenue was improperly reported. Judge Sara Ellis of the Northern District of Illinois also ordered Lime to pay the plaintiffs' attorneys fees and expenses of more than $791,000. In a filing with the Securities and Exchange Commission, Lime says it expects the entire $2.5 million settlement will be paid by insurance. The class-action suit, Satterfield v. Lime Energy, was filed just days after the announcement of the misreported income. It also named the company's former CEO, John O'Rourke, and former Chief Financial Officer Jeffrey Mistarz as defendants.


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