LOS ANGELES, CA / ACCESSWIRE / October 12, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofEnviva Inc. (“Enviva” or “the Company”) (NYSE:EVA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Enviva is the subject of a report released by Blue Orca Capital on October 12, 2022. The report alleges that the Company falls far short of its ESG ideals by relying on carbon loopholes that “subsidizes European power companies to replace coal with wood pellets derived from deforestation in the United States.” Blue Orca alleges that the Company produces its wood pellets from clear-cut forests, a practice condemned by climate activists and ESG investors. The report adds that the Company overstated the sustainability of its hardwood harvests and artificially inflated its profit margin. Based on the report, shares of Enviva fell by almost 16% in intraday trading on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm
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https://www.accesswire.com/720229/INVESTIGATION-REMINDER-The-Schall-Law-Firm-Encourages-Investors-in-Enviva-Inc-With-Losses-of-100000-to-Contact-the-Firm
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