NEW YORK, NY / ACCESSWIRE / October 12, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Enviva, Inc. ('Enviva' or the 'Company') (NYSE:EVA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Enviva and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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On October 12, 2022, Blue Orca Capital ('Blue Orca') published a report on Enviva. Among other allegations, the Blue Orca report stated that 'new discovered data suggests . . . the company is flagrantly greenwashing its wood procurement' and characterized Enviva's claim to be a pure-play ESG company as 'nonsense on all counts' and 'a product of deranged European climate subsidies which incentivize the destruction of American forests so that European power companies can check a bureaucratic box.'

On this news, Enviva's stock price fell sharply during intraday trading on October 12, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

SOURCE: Pomerantz LLP