NEW ORLEANS, Nov. 15, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time January 3, 2023 Lead plaintiff motions in a securities class action lawsuit against Enviva Inc. (NYSE: EVA) if they purchased the Company’s securities between February 21, 2019 and October 11, 2022 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the District of Maryland.
What you can do
If you have purchased Enviva securities and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may contact KSF Managing Partner Lewis Kahn toll-free at no obligation or cost to you at 1-877-515-1850 or email ([email protected]) or visit us https://www.ksfcounsel.com/cases/nyse-eva/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must petition the court January 3, 2023.
About the lawsuit
Enviva and certain of its officers are alleged to have failed to disclose material information during the Class Period in violation of federal securities laws.
On October 12, 2022, Blue Orca Capital reported a number of allegations against the company premarket, including that “newly discovered data indicates . . . the company is blatantly greenwashing its wood procurement”; “Enviva is a dangerously leveraged serial fundraiser whose deteriorating cash conversion and unprofitability will drain it of cash over the next year”; and that it is “a product of deranged European climate subsidies that incentivize the destruction of American forests so European energy companies can tick a bureaucratic box.”
As a result of the news, Enviva shares fell about 13.13% to close at $51.23 per share.
The case is fagen v. Enviva et al., 22-cv-02844.
About Kahn Swick & Foti, LLC
KSF, whose partner…
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