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Enviva?
Contact investor lawyers for a free evaluation of your potential claims for compensation today.
- Are you an investor in Enviva Inc. (NYSE: EVA)?
- Are you concerned about the recent EVA stock price decline following allegations that Enviva may have published materially misleading information?
- Would you like your potential options for compensation and/or redress to be reviewed by an experienced team of investor lawyers?
The investor rights attorneys at Rosca Scarlato LLC law firm are investigating potential violations of federal securities laws and/or corporate misconduct in connection with the Enviva securities offering to US investors.
The RS investor advocates are preparing to take action and seek compensation for any losses Enviva investors and/or Enviva Inc. may have suffered as a result of any misconduct by Enviva and/or Enviva’s directors and officers.
Concerned EVA investors may contact us via email at arosca@rscounsel.law, send a message through the contact form on this page, or call us at 888-998-0530.
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The Enviva Class Action Investigation Page is the Resource for Investors Who Bought Enviva Inc. And Would Like to Evaluate Claims for Compensation
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Posted October 14, 2022
Enviva Investigation
Securities attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner have been investigating alleged securities violations, corporate misconduct, and misrepresentations, as well as questionable business practices involving Enviva and have identified potential areas of concern.
What Enviva Investors May Do
EVA stock investors interested to evaluate potential options to seek compensation and/or pursue claims related to their Enviva investment may contact investor rights attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner. Claims that are not timely pursued may expire or otherwise be lost, generally speaking.
Get in Touch with an Experienced Team of Investor Attorneys
Attorneys Rosca, Scarlato, and Weidner have extensive experience in seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law and/or corporate misconduct, and are currently evaluating potential claims on behalf of investors in Enviva.
They typically work on a contingent fee basis, do not require any money down from their clients, advance case expenses, and only get paid for their fees and expenses if and when successful, following review and approval by the Court of any fee application.
Concerned EVA stock investors may contact attorneys Alan Rosca or Paul Scarlato to discuss their potential options toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Potential Compensation Claims
Potential Issues Involving Enviva Revealed by Research Report
On October 12, 2022, an investment company called Blue Orca Capital issued a report that brought troubling accusations against Enviva and its control persons. The report alleges, among others, that Enviva is “flagrantly greenwashing its wood procurement”, and contrary to its representations, the company is allegedly “procuring substantial amounts of its wood from clear-cutting” a technique considered controversial and environmentally destructive.
According to the report, the practice of purchasing wood from clear-cut forests would cause Enviva to lose at least a part of its “environmentally conscious“ investors and allocators, and allegedly could negatively impact Enviva’s contract backlog and future customer demand.
The report further alleged that Enviva inflated its EBITDA by purchasing and capitalizing equipment, and then “actively” leasing it to loggers to obtain discounts on wood prices.
The report also raises concerns about Enviva’s alleged “troubling cashflows”, and “unsustainable divided.”
Enviva Shareholders May Have Options
Investor rights attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner at Rosca Scarlato are investigating potential options and are evaluating potential claims for compensation on behalf of EVA shareholders. They have decades of combined experience representing victims of corporate or financial misconduct.
If you are a Enviva investor concerned about your investment, and believe you suffered losses, you may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to learn more about your rights and for an evaluation of your potential claims, or to provide useful information. All consultations are free. The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all case costs, and only get paid for their fees and expenses if and when they are successful, following review and approval by the Court of any fee application.
To reach attorney Alan Rosca or his colleagues, Enviva investors may call 888-998-0530, email arosca@rscounsel.law, or leave a message by using a contact form on this webpage.
About Enviva Inc.
Enviva Inc. is a Bethesda, Maryland, based producer of wood pellets, which according to company’s marketing materials are considered to provide a low-carbon alternative to fossil fuels. In its latest 10-K report, Enviva stated that the company and its customers are “subject to stringent requirements regarding the sustainability of the fuels they procure.”
In April 2015, Enviva’s common stock has been approved for listing on the New York Stock Exchange (“NYSE”) under the symbol “EVA.”
According to data provided by Yahoo! Finance, up until April 2022 the stock price has seen a relatively consistent upward trajectory, and on April 19, 2022 it closed at $89.64. Then it started to decline and almost a month later, on May 11, 2022, it closed at $65.24. For a short period the EVA stock price appeared to be recovering, but after closing at $80.50 on June 2, 2022, the price dropped to $55.68 by July 6, 2022.
For the next month and a half, the EVA price per share recovered to close at $75.79 on August 17, 2022, but since then it has been declining. As of October 14, 2022 the price per EVA share is $50.67, which according to Google Finance is down over 25% YTD.
The general considerations on this page are for informational purposes only and do not constitute legal advice. Such legal advice can only be offered once the attorneys discuss each investor’s situation, learn of the relevant facts and can tailor any advice to that investor’s facts. The Enviva Class Action Investigation page is not affiliated with Enviva Inc. There has not been an adjudication on the merits of any allegations referenced in this blog post, as of the date of the posting.
Contact info:
Rosca Scarlato LLC – 216-946-7070 / 888-998-0530.
Alan Rosca – arosca@rscounsel.law
Paul Scarlato – pscarlato@rscounsel.law
Kathryn Weidner – kweidner@rscounsel.law
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DISCLAIMER
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.