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In Re: Energy Recovery Inc. Securities Litigation
Case Number:
3:15-cv-00265
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 17, 2017
Energy Co. To Pay $3.9M To End Suit Over CEO's Disclosures
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.
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November 12, 2015
Clean Energy Firm, Execs Want Investor Suit Tossed
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.
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January 21, 2015
Cleantech Co. Hid Termination Of Sales Exec, Investor Says
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.