ENPHASE ENERGY, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Enphase Energy, Inc.
LEAD PLAINTIFF DEADLINE IS AUGUST 17, 2020
NEW YORK, June 23, 2020 /PRNewswire/ -- 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 Northern District of California on behalf of a class consisting of all persons and entities who purchased or otherwise acquired Enphase Energy, Inc. ("Enphase" or the "Company") (NASDAQ: ENPH) between February 26, 2019 and June 17, 2020, both dates inclusive (the "Class Period").
All investors who purchased shares of Enphase Energy, Inc. and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the shares of Enphase Energy, Inc , you may, no later than August 17, 2020, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Enphase Energy, Inc.
On June 17, 2020, Prescience Capital Management released a report that alleged, that "at least 39%, or $205.3 million, of the Company's reported U.S. revenue is fabricated." The report cited former employees who claimed that "a large portion of Enphase's astronomical growth over the past two years is attributable to accounting gimmicks that artificially inflate revenue and profits."
On this news, Enphase's share price fell $13.72 per share to close at $39.04 per share on June 17, 2020.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions 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. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
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