Philadelphia, Pennsylvania--(Newsfile Corp. - August 14, 2023) - If you are a current Enservco (NYSE American: ENSV) shareholder who has held shares since on or before March 23, 2021, you may be able seek corporate reforms, the return of funds expended defending litigation back to company coffers, and a court approved incentive award if appropriate.
A securities fraud class action complaint alleges that Enservco revealed that it needed to restate the interim financials from every quarterly report it filed in 2021 to correct accounting errors arising out of its failures to account for the warrants issued and its wrongful recognition of income for employee retention credits under the CARES Act. One week after filing its financial restatements, Enservco disclosed that it needed to restate the same financials yet againto correct anotheraccounting error. It is alleged that the two restatements collectively increased Enservco's reported net losses by up to 80%.
If you would like to learn more about this matter and your rights at no cost to you, you are encouraged to visit https://grabarlaw.com/the-latest/enservco-shareholder-investigation/ contact us at jgrabar@grabarlaw.com, or call Joshua Grabar 267-507-6085.
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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com
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