BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Enviva Inc. (“Enviva” or the “Company”) (NYSE: EVA) investors concerning the Company’s possible violations of federal securities laws.
On October 12, 2022, Blue Orca published a report which alleged, among other things, that satellite imagery indicated that, in many instances, Enviva is “procuring wood from the widely condemned practice of clear-cutting,” or removing full swaths of forest, which Enviva has publicly denied. The report further revealed that two former senior Enviva executives “unequivocally stated that [the Company] sources wood from clear-cutting.”
On this news, Enviva’s stock fell as much as 20.5% during intraday trading on October 12, 2022, thereby injuring investors.
If you purchased Enviva securities, have information or would like to learn more about these claims, or 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 www.howardsmithlaw.com.
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