Class Action Claims EnerNOC Misled Investors

Law360, New York (March 5, 2008, 12:00 AM EST) -- A proposed securities class action has been filed against energy solutions provider EnerNOC Inc. and several of its top executives that alleges the company misled investors in violation of securities laws.

In a complaint filed in the U.S. District Court for the District of Massachusetts, plaintiffs allege that EnerNOC inappropriately touted the company's growth in an earnings announcement on Nov. 1, while completely failing to disclose other issues that promised to significantly impact the company's bottom line.

“Defendants knew but failed to adequately reveal that expenses...
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