The Gross Law Firm Announces Class Actions on Behalf of Shareholders of PRA, ENPH and ERII
July 28, 2020 at 12:35 PM EDT
NEW YORK, NY / ACCESSWIRE / July 28, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly-traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
ProAssurance Corporation (NYSE:PRA)
Investors Affected: April 26, 2019 - May 7, 2020
A class action has commenced on behalf of certain shareholders in ProAssurance Corporation. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) ProAssurance lacked adequate underwriting process and risk management controls necessary to set appropriate loss reserves in its Specialty P&C segment; (ii) ProAssurance failed to properly assess a large national healthcare account that experienced losses far exceeding the assumptions made when the account was underwritten; and (iii) as a result, ProAssurance was subject to materially heightened risk of financial loss and reserve charges.
Shareholders may find more information at https://securitiesclasslaw.com/securities/proassurance-corporation-loss-submission-form/?id=8219&from=1
Enphase Energy, Inc. (NASDAQ:ENPH)
Investors Affected: February 26, 2019 - June 17, 2020
A class action has commenced on behalf of certain shareholders in Enphase Energy, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company's reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://securitiesclasslaw.com/securities/enphase-energy-inc-loss-submission-form/?id=8219&from=1
Energy Recovery, Inc. (NASDAQ:ERII)
Investors Affected: August 2, 2017 - June 29, 2020
A class action has commenced on behalf of certain shareholders in Energy Recovery, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had different strategic perspectives regarding commercialization of the Company's VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company's exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.
Shareholders may find more information at https://securitiesclasslaw.com/securities/energy-recovery-inc-loss-submission-form/?id=8219&from=1
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: The Gross Law Firm
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