NEW YORK–(BUSINESS WIRE)–Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Enphase Energy Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH) resulting from allegations that Enphase might have issued misleading information to the investing public.
If you purchased Enphase securities, and/or would like to discuss your legal rights and options please visit Enphase Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
On June 17, 2020, Prescience Capital Management released a report that alleged, inter alia, that “at least 39%, or $205.3 million, of [the Company’s] reported U.S. revenue is fabricated.” The report cited former employees who claimed that “a large portion of [Enphase’s] astronomical growth over the past two years is attributable to accounting gimmicks that artificially inflate revenue and profits.”
On this news, Enphase’s share price fell $13.72 per share to close at $39.04 per share on June 17, 2020.
If you purchased Enphase securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/enphaseenergyinc-enph-shareholder-class-action-lawsuit-stock-fraud-277/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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