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Investigation for Long-Term Investors in shares of Enphase Energy, Inc. (NASDAQ: ENPH)

09-22-2020 03:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Enphase Energy, Inc. (NASDAQ: ENPH) shares.

An investigation on behalf of current long term investors in Enphase Energy, Inc. (NASDAQ: ENPH) shares.

Certain directors of Enphase Energy, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Enphase Energy, Inc. (NASDAQ: ENPH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: ENPH stocks follows a lawsuit filed against Enphase Energy, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ENPH stocks, concerns whether certain Enphase Energy, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that Enphase misrepresented and/or failed to disclose to investors that its revenues, both U.S. and international, were inflated, that the Company engaged in improper deferred revenue accounting practices, that the Company's reported base points expansion in gross margins were overstated, and that as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Enphase Energy, Inc. (NASDAQ: ENPH) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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