Glancy Prongay & Murray LLP Announces Investigation on Behalf of Evoqua Water Technologies Corp. Investors
LOS ANGELES--(BUSINESS WIRE)--Nov 7, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Evoqua Water Technologies Corp. (“Evoqua” or the “Company”) (NYSE: AQUA ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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The investigation concerns whether the Company misled investors regarding severe disruptions in the Company’s various projects, and the resulting losses to the Company’s profitability. On October 30, 2018, Evoqua announced its inadequate preliminary financial results for the fourth quarter and fiscal year ended September 30, 2018. Evoqua disclosed that the underperformances were “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.
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If you purchased Evoqua, 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 11/07/2018 04:46 PM/DISC: 11/07/2018 04:46 PM