ACCESS Newswire
22 Nov 2022, 20:25 GMT+10
SAN FRANCISCO, CA / ACCESSWIRE / November 22, 2022 / National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends that Enviva Inc. ('Enviva' or the 'Company') investors who suffered losses from purchasing or otherwise acquiring Enviva securities (NYSE:EVA) between February 21, 2019 and October 11, 2022 contact our attorneys immediately regarding the pending securities fraud class action against Enviva. The last day to apply to be a lead plaintiff is January 3, 2023.
Class Period: February 21, 2019 - October 11, 2022
Lead Plaintiff Motion Deadline: January 3, 2023
Case information: lieffcabraser.com/securities/enviva/
Contact us: Email or text [email protected] or call 1-800-541-7358
The securities class action alleges defendants made materially false and misleading statements and/or failed to disclose that: (a) Enviva misrepresented the environmental sustainability of its wood pellet procurement and production process; (b) the Company overstated its cash flows; and (c) Enviva misrepresented its ability to grow.
On October 12, 2022, investment firm Blue Orca Capital published a report claiming that new data showed that Enviva was greenwashing its wood procurement process. The report also claimed that Enviva was 'dangerously levered' and whose poor cash flow generation would leave the Company with negative cash flows by next year. On this news, the price of Enviva stock fell $7.74 per share, or 13.13%, to close at $51.23 per share on October 12, 2022, on elevated trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a 'Plaintiffs' Powerhouse' by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $127 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
SOURCE: Lieff Cabraser Heimann & Bernstein
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationThe billionaire says his America Party will focus on Congress ahead of 2026, but may back a presidential candidate Elon Musk has...
The US president accused the billionaire of sowing chaos with his new third-party initiative US President Donald Trump has lashed...
The US president accused the billionaire of sowing chaos with his new third-party initiative US President Donald Trump has lashed...
(Photo credit: Marc Lebryk-Imagn Images) Brian Campbell's par on the first playoff hole gave him his second career victory on the...
Donald Trumps decision to increase the budget deficit instead of cutting costs has become the last straw, the billionaire says Elon...
Donald Trumps decision to increase the budget deficit instead of cutting costs has become the last straw, the billionaire says Elon...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...