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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 17, 2020 to file lead plaintiff applications in a securities class action lawsuit against Enphase Energy, Inc. (NasdaqGM: ENPH).
Enphase and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On June 17, 2020, a report by Prescience Point Capital Management highlighted that “[a]t least $205.3m of ENPH’s reported FY19 US revenue is fabricated, and a significant portion of its international revenue is fabricated as well…Deloitte should launch an in-depth investigation of ENPH’s accounting practices,” that there had been hundreds of millions of dollars’ worth of insider sales by Company executives in the prior few months, and also set a target price of “Delisted” for ENPH.
On this news, the price of Enphase’s shares plummeted.
If you purchased shares of Enphase and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Hurst v. Enphase Energy, Inc., et al., 20-cv- 4036.
Click here to read the first filed complaint.