SAN DIEGO, Nov. 03, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been commenced on behalf of investors in Enviva, Inc. (“Enviva” or the “Company”) (NYSE: EVA). The class action is serving on behalf of shareholders who purchased Enviva securities between February 21, 2019 and October 11, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until January 3, 2022 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/enviva-inc-class-action

There are no costs or obligations for you.

According to the lawsuit, the defendants made substantially false and misleading statements regarding the Company’s business, operations and compliance policies during the class period. Specifically, the Defendants made false and/or misleading statements and/or failed to disclose that: (i) Enviva misrepresented the environmental sustainability of its wood pellet production and sourcing; (ii) Enviva had similarly overstated the true measure of cash flow generated by the company’s platform; (iii) accordingly, Enviva misrepresented its business model and the Company’s ability to achieve the levels of growth that Defendants presented to investors; and (iv) as a result, the Company’s public statements were, at all relevant times, materially false and misleading.

A lead plaintiff will act on behalf of all other group members in directing the Enviva class action. The lead plaintiff may select a law firm of its choice to conduct the class action. An investor…