NEW YORK–(BUSINESS WIRE)–#Action–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Enviva, Inc. (“Enviva” or the “Company”) (NYSE: EVA) on behalf of Enviva stockholders. Our investigation concerns whether Enviva has violated the federal securities laws and/or engaged in other unlawful business practices.
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Enviva is the subject of a report released by Blue Orca Capital on October 12, 2022. The report alleges that the Company falls far short of its ESG ideals by relying on carbon loopholes that “subsidizes European power companies to replace coal with wood pellets derived from deforestation in the United States.” Blue Orca alleges that the Company produces its wood pellets from clear-cut forests, a practice condemned by climate activists and ESG investors. The report adds that the Company overstated the sustainability of its hardwood harvests and artificially inflated its profit margin.
Based on the report, Enviva stock fell by $2.59 per share, or 4.7%, to close at $52.05 per share on October 13, 2022.
If you purchased or otherwise acquired Enviva shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com