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UPCOMING DEADLINE: Levi & Korsinsky, LLP Announces Class Action Against Nuverra Environmental Solutions, Inc. And Its Board Of Directors And A Deadline Of November 4, 2013 To Seek A Lead Plaintiff Position-- NES
Oct. 28, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of
Arizona on behalf of investors who purchased Nuverra Environmental Solutions, Inc. ("Nuverra" or the "Company") (NYSE: NES) common stock between
August 6, 2012 and
August 23, 2013.
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The complaint alleges that the Company misrepresented and/or failed to disclose that: a) the Company was suffering from a severe liquidity crisis; b) the Company was experiencing a significant decline in its operational results, particularly in the Eagle Ford Shale area; c) as a result of the Company's poor financial performance, Nuverra's default risk materially increased and the Company faces potential defaults on its covenants; and d) based upon the above, Defendants lacked a reasonable basis for their positive statements about the Company during the Class Period.
Shareholders of Nuverra have until
November 4, 2013 to seek appointment 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 (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
Connecticut, 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. 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
SOURCE Levi & Korsinsky, LLP