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Investigation announced for Long-Term Investors in shares of Enservco Corporation (NYSE American: ENSV)

09-21-2022 02:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Enservco Corporation (NYSE American: ENSV) shares.

An investigation on behalf of current long term investors in Enservco Corporation (NYSE American: ENSV) shares.

An investigation was announced over potential breaches of fiduciary duties by certain directors of Enservco Corporation.

Investors who are current long term investors in Enservco Corporation (NYSE American: ENSV) 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 NYSE American: ENSV stocks follows a lawsuit filed against Enservco Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE American: ENSV stocks, concerns whether certain Enservco Corporation officers and 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 District of Colorado the plaintiff alleges thatthe Defendants made false and/or misleading statements and/or failed to disclose that: Enservco had defective disclosure controls and procedures and internal control over financial reporting, that as a result, there were errors in Enservco's financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for ERCs, that accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the U.S. Securities and Exchange Commission ("SEC"), that the Company downplayed the true scope and severity of its financial reporting issues, that accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Enservco Corporation (NYSE American: ENSV) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
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 lawsuits, 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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