AquaCell Technologies Inc fka AQUA

[jgrabar]

$AQUA - Per court Order, Evoqua's pre-IPO disclosures were misleading, in that they failed to mention the extent to which the company was pushing out experienced employees and replacing them with cheaper, less-seasoned workers and failed to disclose that it also fired employees who helped the company integrate new businesses following acquisitions. Per the Order, investors can also pursue charges that the company brought forward revenue from future quarters and gave existing customers steep discounts to boost purchases, the order said.

Current Evoqua shareholders who have held shares of the Company’s stock since at least November 6, 2017 have standing to seek corporate governance reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate at no cost.

https://grabarlaw.com/the-latest/evoqua-water-investigation/