NEW ORLEANS, Nov. 08, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, is reminding investors that they have until January 3, 2023 Lead plaintiff motions 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 “Class Period”). This lawsuit is pending in the United States District Court for the District of Maryland.

get help

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 lawsuit

Enviva and certain of its officers are alleged to have failed to disclose material information during the Class Period in violation of federal securities laws.

On October 12, 2022, Blue Orca Capital reported a number of allegations against the company premarket, including that “newly discovered data indicates . . . the company is blatantly greenwashing its wood procurement”; “Enviva is a dangerously leveraged serial fundraiser whose deteriorating cash conversion and unprofitability will drain it of cash over the next year”; and that it is “a product of deranged European climate subsidies that incentivize the destruction of American forests so European energy companies can tick a bureaucratic box.”

As a result of the news, Enviva shares fell about 13.13% to close at $51.23 per share.

The case is fagen v. Enviva, et al. 22-cv-02844.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as an information resource to help retail investors recover their share of billions of dollars in securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to access information and comparison websites for various securities class actions so that they can timely file their own claims; (2) upload…