NEW YORK, Oct. 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating possible claims against Intuit, Inc. INTUEnviva, Inc. Eveand Tattooed Chef, Inc. TTCF. 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.
Intuit, Inc. INTU
On March 29, 2022, the FTC filed a lawsuit against Inuit alleging that the company tricked millions of Americans into paying for tax service preparation software that was supposed to be free. On May 4, 2022, Intuit agreed to pay $141 million to settle similar turbo tax allegations.
At that new price, Intuit’s stock fell $22.14, or 5.1%, to close at $409.86 on May 5, 2022.
For more information on the Intuit investigation, go to: https://bespc.com/cases/INTU
Enviva, Inc. Eve
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 manufactures 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 Boss, Inc. TTCF
On October 12, 2022, after market close, Tattooed Chef announced that it would restate its quarterly and annual financial statements for 2021 and for its first and second quarterly fiscal periods in 2022. Tattooed boss explained…
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