Shareholders with $200,000 losses or more are encouraged to contact the firm.
LOS ANGELES, June 9, 2022 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Enservco Corporation ("Enservco" or the "Company") (NYSE: ENSV).
Class Period: May 13, 2021 – April 18, 2022
Lead Plaintiff Deadline:July 19, 2022
If you wish to serve as lead plaintiff of the Enservco lawsuit, you can submit your contact information at www.glancylaw.com/cases/enservco-corporation/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Enservco had defective disclosure controls and procedures and internal control over financial reporting; (2) as a result, there were errors in Enservco's financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for ERCs; (3) accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the SEC; (4) the Company downplayed the true scope and severity of its financial reporting issues; (5) accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and (6) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Glancy Prongay & Murray LLP
