The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Enphase Energy, Inc. (NASDAQ: ENPH) securities between February 26, 2019 and June 17, 2020.
According to the Enphase lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company’s reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.
If you suffered a loss in Enphase you have until August 17, 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.
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