Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Energy Recovery, Inc. (ERII) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Energy Recovery, Inc. (“Energy Recovery” or the “Company”) (NASDAQ: ERII) of the March 23, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Energy Recovery and certain officers of the Company.
A complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons who purchased Energy Recovery common stock between March 14, 2012 and January 13, 2015 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, Energy Recovery misrepresented and/or failed to disclose significant internal control deficiencies.
On January 13, 2015, the Company announced that its Chief Executive Officer had resigned.
Following this news, the price of the Company’s stock declined by $0.54 per share, or over 12%, to close on January 14, 2015 at $3.90 per share.
If you invested in Energy Recovery common stock or options between March 14, 2012 and January 13, 2015 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Energy Recovery’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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