Enviva had misrepresented the environmental sustainability of its wood pellet production and procurement;
Enviva had similarly overstated the true measure of cash flow generated by the Company’s platform;
accordingly, Enviva had misrepresented its business model and the Company’s ability to achieve the level of growth that defendants had represented to investors; and
as a result, the Company’s public statements were materially false and misleading at all relevant times.
A securities class action lawsuit has been filed in the the USDC – MD on behalf of purchasers of the securities of Enviva Inc. (NYSE: EVA) between February 21, 2019 and October 11, 2022, both dates inclusive (the “Class Period”).
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
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