NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Enphase Energy, Inc. (NASDAQ: ENPH) resulting from allegations that the board of directors of Enphase may have breached its fiduciary duties to shareholders.
On June 17, 2020, Prescient Point Capital Management published an updated short seller report. In this report, Prescient Point alleged that Enphase fabricated at least $205.3million, or 39%, of its reported U.S. revenue. The report also alleged numerous other misleading and/or deceptive business practices, including reporting nearly impossible reduction in the Company’s unit costs and suspicious stock dumps by executives and board members.
Rosen Law Firm is preparing a securities lawsuit on behalf of Enphase shareholders. If you purchased securities of Enphase please visit the firm’s website at http://www.rosenlegal.com/cases-register-1878.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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