NEW YORK, Oct. 26, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Enviva, Inc. (NYSE: EVA), Tattooed Chef, Inc. (NASDAQ: TTCF), Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) and Flagstar Bancorp, Inc. (NYSE: FBC). Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.
Enviva, Inc. (NYSE:EVA)
Enviva is the subject of a report published by Blue Orca Capital on October 12, 2022. The report claims that the company is falling far short of its ESG ideals by relying on carbon loopholes that “subsidize European energy companies to replace coal with wood pellets derived from it.” Blue Orca claims that the company makes its wood pellets from deforested forests, a practice condemned by climate activists and ESG investors. The report adds that the company has overstated the sustainability of its hardwood harvest and artificially inflated its profit margin.
According to the report, Enviva stock fell $2.59 per share, or 4.7%, to close at $52.05 per share on October 13, 2022.
For more information on the Enviva investigation, visit: https://bespc.com/cases/EVA
Tattooed Chef, Inc. (NASDAQ:TTCF)
On October 12, 2022, after the market close, Tattooed Chef announced that it would restate its quarterly and annual financial statements for 2021 and for its first and second quarterly financial periods in 2022. Tattooed Chef indicated that these degrees should no longer be relied upon.
Tattooed Chef said the restatements came after it was notified earlier this month by its former independent registered public accounting firm, BDO USA LLP, that “the Company has had expenses related to a multi-vendor mailer program with a big one …
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