Enviva Inc. (NYSE: EVA)
29 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 3, 2023 to file lead plaintiff applications in a securities class action lawsuit against Enviva Inc. (NYSE: EVA).
Enviva and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 12, 2022, pre-market, Blue Orca Capital reported a range of allegations against the Company including that “new discovered data suggests . . . the company is flagrantly greenwashing its wood procurement”; “Enviva is a dangerously levered serial capital raiser whose deteriorating cash conversion and unprofitability will drain it of cash next year”; and, that it is “a product of deranged European climate subsidies which incentivize the destruction of American forests so that European power companies can check a bureaucratic box.”
On this news, shares of Enviva stock fell approximately 13.13% to a closing price of $51.23 per share.
If you purchased securities of Enviva and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Fagen v. Enviva, et al., 22-cv-02844.