Enviva Lawsuit EVA | Deadline January 3, 2023
Enviva Class Action Lawsuit (EVA Lawsuit)
A lawsuit has been filed against Enviva Inc., (EVA:NYSE) on November 3, 2022 at the court of the District of Maryland.
Investors who purchased or otherwise acquired EVA common stock during the period from February 21, 2019 through October 11, 2022 can register their information before the deadline of January 3, 2023.
Is Enviva Inc. Involved in a Securities Class Action Lawsuit?
Yes, a lawsuit has been filed against Enviva Inc. on November 3, 2022, on behalf of shareholders during the period from February 21, 2019 through October 11, 2022.
What Is The Enviva Lawsuit About?
The Enviva Class Action Lawsuit (NYSE:EVA) (Enviva Class Action Lawsuit) was filed on behalf of the investors who purchased Enviva inc. (EVA) securities between February 21, 2019 to October 11, 2022 inclusive. For more on the EVA Lawsuit please contact us today.
According to the Enviva lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
made false and/or misleading statements and/or failed to disclose that:
misleading statements and/or failed to disclose that:
(i) Enviva had misrepresented the environmental sustainability of its wood pellet production and procurement;
(ii) Enviva had similarly overstated the true measure of cash flow generated by the Company’s platform;
(iii) accordingly, Enviva had misrepresented its business model and the Company’s ability to achieve the level of growth that Defendants had represented to investors; and
(iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
How much did EVA stock drop?
Shareholders who held EVA securities saw stock price fell $7.74 per share, or 13.13%, to close at $51.23 per share on October 12, 2022.
What does EVA Do?
Enviva Inc. produces and sells utility-grade wood pellets. The company’s products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan.
The company was formerly known as Enviva Partners, LP. Enviva Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland.
Which Class Action Attorney Firm Can Help With The EVA Lawsuit?
Levi & Korsinsky LLP is a Securities Class Action Law Firm. For over 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
Does It Cost Me to Join the EVA Class Action?
No, there are no out of pocket costs for you to join the Enviva Lawsuit.
What Is the Lead Plaintiff Process?
According to the Private Securities Reform Act of 1995, any investor who bought or acquired EVA securities in the Class Period may apply for appointment as a lead plaintiff. The lead plaintiff is usually the movant who has the most financial interest in the relief sought. However, he or she must also be typical or adequate to the putative classes. The EVA class-action lawsuit is directed by the lead plaintiff. To litigate the Enviva Class Action Lawsuit, the lead plaintiff may choose any law firm it wishes. The ability of an investor to share in any future recovery is not tied to being the lead plaintiff in the EVA Class Action Lawsuit.
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