Lead Plaintiff Deadline: September 21, 2020
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(i) the Company had different strategic perspectives regarding commercialization of the Company’s VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company’s exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.
In order to be included in the lawsuit, you must have incurred a loss on shares of Energy Recovery purchased during the class period listed above.
If you suffered a loss in Energy Recovery during the relevant time frame, you have until September 21, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.