NEW YORK, June 8, 2012 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Missouri on behalf of investors who purchased Enterprise Financial Services Corp. ("Enterprise Financial" or the "Company") (Nasdaq: EFSC) common stock between April 20, 2010 and January 25, 2012.
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The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and failed to disclose materially adverse facts about the Company's business and prospects, including that: (a) the Company was improperly recording income on loans covered under loss share agreements with the Federal Deposit Insurance Corporation; (b) as a result, the Company's income was overstated; (c) the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (d) the Company lacked adequate internal and financial controls; and (e), as a result of the aforementioned, the Company's financial statements were materially false and misleading at all relevant times.If you suffered a loss in Enterprise Financial you have until June 11, 2012 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/EFSC . Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP