SAN DIEGO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons who purchased or otherwise acquired Enviva Inc. (NYSE:EVA) common stock between November 3, 2022 and May 3, 2023. Enviva is a Maryland-based company that develops, constructs, acquires, and operates fully contracted wood pellet production plants.
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What is this Case About: Enviva Inc. (EVA) Misled Investors About its Business Prospects
According to the complaint, during the class period, defendants failed to disclose to investors material information about the financial condition of the Company including its EBITDA and net loss forecasts, liquidity position, capital allocations, operation costs, productivity and the impact of these metrics on the Company's ability to continue paying dividends in 2023.