NEW YORK, 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 http://zlk.9nl.com/nuverra-environmental-nes/ . Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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 www.zlk.com SOURCE Levi & Korsinsky, LLP