ENSERVCO CORPORATION CLASS ACT – GuruFocus.com
THEAPPLICANT DEADLINE IS JULY 19, 2022
NEW YORK, May 25, 2022 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the District of Colorado against Enservco Corporation (“Enservco” or the “Company”) (:ENSV). The class action is on behalf of a class consisting of all persons and entities who purchased or otherwise acquired securities of Enservco between May 13, 2021 and April 18, 2022, both dates inclusive (the “Class Period”) ).
All investors who purchased shares of Enservco Corporation and losses incurred are advised to contact the company immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You can get additional information about the action or join the case on our website, www.whafh.com.
If you have incurred losses in Enservco Corporation, you may, at the latest July 19, 2022, ask the Court to name you as the lead plaintiff in the proposed class. please contact Wolf Haldenstein to learn more about your rights as an investor in Enservco Corporation.
PLEASE CLICK HERE TO JOIN THE CASE
On March 28, 2022, Enservco disclosed that it had “has concluded that the summary consolidated financial statements previously issued by the Company as at and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 should no longer be relied upon in large part due to the Company’s recognition a debt-to-equity conversion with a related party.
On this news, Enservco’s stock fell $0.45, or 12.3%, to close at $3.21 per share on March 28, 2022, hurting investors.
Then, on March 31, 2022, the Company revealed that it could not file its 2021 annual financial report in a timely manner because it was “rewording [its] Financial state.”
On this news. Shares of Enservco fell $0.21, or 7.8%, to close at $2.49 per share on April 1, 2022, further hurting investors.
Then, on April 4, 2022, Enservco announced that its chief financial officer would be leaving and would no longer be a senior executive or employee.
On this news, Enservco’s stock fell $0.19, or 7.5%, to close at $2.35 per share on April 5, 2022. Then, on April 18, 2022, the company disclosed that ‘she does not “file its Form 10-K for the fiscal year ending December 31, 2021 within the 15-day extension provided by the company’s 12b-25 filing” because he “to the intention of [again] amend its quarterly reports on Form 10-Q for the relevant periods to reflect the restatements of its condensed consolidated financial statements for the relevant periods. »
On this news, Enservco stock fell $0.38, or 10.5%, to close at $3.25 per share on April 19, 2022.
Wolf Haldenstein has extensive experience in prosecuting securities class action and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder litigation and other class actions have been repeatedly recognized by the courts, which have appointed it to major positions in complex multidistrict and consolidated securities litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please contact immediately Wolf Haldenstein by phone at (800) 575-0735 or by email at [email protected]
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Business and Financial Analysis
E-mail: [email protected], [email protected] Where [email protected]
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.
