SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

March 03, 2015 16:00 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Energy Recovery, Inc. (ERII) to Contact the Firm

NEW YORK, NY--(Marketwired - March 03, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Energy Recovery, Inc. ("Energy Recovery" or the "Company") (NASDAQ: ERII) of the March 23, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Energy Recovery and certain officers of the Company.

A complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons who purchased Energy Recovery common stock between March 14, 2012 and January 13, 2015 (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, Energy Recovery misrepresented and/or failed to disclose significant internal control deficiencies.

On January 13, 2015, the Company announced that its Chief Executive Officer had resigned.

Following this news, the price of the Company's stock declined by $0.54 per share, or over 12%, to close on January 14, 2015 at $3.90 per share.

Request more information now by clicking here: www.faruqilaw.com/ERII. There is no cost or obligation to you.

Take Action

If you invested in Energy Recovery common stock or options between March 14, 2012 and January 13, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/ERII. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Energy Recovery's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330