February 17, 2017
Clean energy company Energy Recovery Inc. agreed Thursday to pay almost $3.9 million in cash to end a putative shareholder class action alleging its former CEO inflated stock prices with misleading statements, including allegations that he marketed engineering prototypes as ready for sale.
November 12, 2015
Clean energy company Energy Recovery Inc. is fighting a class action filed by a group of its investors, telling a California federal judge that the investors' claim the company's former CEO inflated stock prices with misleading statements is a mischaracterization of his optimism — and his statements came true anyway.
January 21, 2015
An Energy Recovery Inc. investor hit the clean energy technology firm and its top executives with a proposed class action in California federal court on Tuesday, claiming they didn't disclose that its chief sales officer had breached his duties until announcing his termination, tanking the company's stock.