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CLASS ACTION UPDATE for ENPH, CODX and ERII: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / August 17, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

ENPH Shareholders Click Here: https://www.zlk.com/pslra-1/enphase-energy-inc-loss-submission-form?prid=8624&wire=1
CODX Shareholders Click Here: https://www.zlk.com/pslra-1/co-diagnostics-inc-loss-submission-form?prid=8624&wire=1
ERII Shareholders Click Here: https://www.zlk.com/pslra-1/energy-recovery-inc-loss-submission-form?prid=8624&wire=1

* ADDITIONAL INFORMATION BELOW *

Enphase Energy, Inc. (NASDAQ:ENPH)

ENPH Lawsuit on behalf of: investors who purchased February 26, 2019 - June 17, 2020
Lead Plaintiff Deadline : August 17, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/enphase-energy-inc-loss-submission-form?prid=8624&wire=1

According to the filed complaint, during the class period, Enphase Energy, Inc. made materially 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.

Co-Diagnostics, Inc. (NASDAQ:CODX)

CODX Lawsuit on behalf of: investors who purchased February 25, 2020 - May 15, 2020
Lead Plaintiff Deadline : August 17, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/co-diagnostics-inc-loss-submission-form?prid=8624&wire=1

According to the filed complaint, Co-Diagnostics and its directors and officers (including PhD-level scientists who should know better) made continual, knowing, and willful misstatements about the Company's main product, a Covid-19 diagnostic test. These misstatements had the effect of pumping up the price of Co-Diagnostics' stock while Company officers and directors exercised low-priced options and dumped their stock into the market. Co-Diagnostics' fraudulent misstatements displayed a disregard for basic scientific principles and caused investors to lose millions of dollars.

Energy Recovery, Inc. (NASDAQ:ERII)

ERII Lawsuit on behalf of: investors who purchased August 2, 2017 - June 29, 2020
Lead Plaintiff Deadline : September 21, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/energy-recovery-inc-loss-submission-form?prid=8624&wire=1

According to the filed complaint, during the class period, Energy Recovery, Inc. made materially false and/or misleading statements and/or failed to disclose that: (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.

You have until the lead plaintiff deadlines 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.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



View source version on accesswire.com:
https://www.accesswire.com/602033/CLASS-ACTION-UPDATE-for-ENPH-CODX-and-ERII-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

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