NEW ORLEANS, Nov. 08, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 3, 2023 to file lead plaintiff claims 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 “Period of class action”). This action is pending in the United States District Court for the District of Maryland.
Enviva investors should visit us at https://claimsfiler.com/cases/nyse-eva/ or call toll-free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.
About the trial
Enviva and certain of its officers are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.
On October 12, 2022, pre-market, Blue Orca Capital reported a series of allegations against the company, including that “new discovered data suggests. . . the company is blatantly greenwashing its wood supply”; “Enviva is a dangerously indebted serial capital raising company whose deteriorating cash conversion and non-profitability will drain it of cash next year”; and that it is “a product of deranged European climate subsidies that incentivize the destruction of American forests so that European power companies can tick a bureaucratic box.”
On this news, Enviva shares fell approximately 13.13% to a closing price of $51.23 per share.
The deal is Fagen c. Enviva, et al., 22-cv-02844.
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