BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the January 7, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Evoqua Water Technologies Corp. (“Evoqua” or the “Company”) (NYSE: AQUA) securities between November 6, 2017 and October 30, 2018, inclusive (the “Class Period”). Evoqua investors have until January 7, 2019 to file a lead plaintiff motion.
Investors suffering losses on their Evoqua investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On October 30, 2018, Evoqua announced poor preliminary financial results for the fourth quarter and fiscal year ended September 30, 2018. The Company disclosed that its poor performance was, "primarily due to acquisition system integration issues, supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project." On this news, shares of Evoqua fell $4.78 per share, or 34.64%, to close at $9.02 on October 30, 2018, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (i) Evoqua failed to successfully integrate its prior acquisitions; (ii) Evoqua was experiencing supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project; and (iii) as a result of the foregoing, Evoqua’s public statements were materially false and misleading at all relevant times.
If you purchased shares of Evoqua during the Class Period you may move the Court no later than January 7, 2019 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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