NEW YORK, Jan. 26, 2012 /PRNewswire/ -- The Law Office of James C. Kelly is investigating potential violations of securities laws by Enterprise Financial Services Corp ("Enterprise Financial" or the "Company") (NASDAQ: EFSC). Enterprise Financial is the parent of Clayton, Missouri-based Enterprise Bank. The investigation focuses on possible claims on behalf of purchasers of the securities of Enterprise Financial.
On January 26, 2012, Enterprise Financial announced that it would restate its financial statements for the year ended December 31, 2010 and for the first three quarters of 2011 and 2010. The Company claimed that it discovered an accounting error that resulted in an inadvertent overstatement of income on loans partially covered by The Federal Deposit Insurance Corporation (FDIC) during those periods. The Company also announced that its financial statements, report on internal controls and the reports thereon of Deloitte & Touche LLP, the Company's independent registered public accounting firm included in its Annual Report on Form 10-K as of and for the year ended December 31, 2010 and the interim financial statements included in its Quarterly Reports on Form 10-Q as of and for each of the periods ended March 31, June 30, and September 30, for 2010 and 2011, respectively, should no longer be relied upon.
If you purchased Enterprise Financial securities and want to discuss your legal rights, contact The Law Office of James C. Kelly. Please contact James C. Kelly, Esq., by telephone at (888) 643-7517 or e-mail at firstname.lastname@example.org.
The Law Office of James C. Kelly is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit its website at http://www.jckellylaw.com.Attorney advertising. Prior results do not guarantee a similar outcome.