NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Enviva, Inc. (“Enviva” or the “Company”) (NYSE: EVA).
If you are an investor of Enviva and would like to discuss our investigation or your rights to recover losses, please click below:
Or contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or 1-800-290-1952.
On October 12, 2022, Blue Orca Capital issued a short report alleging that Enviva, a purported ESG wood pellet producer, “is flagrantly greenwashing its wood procurement.”
According to the report, Enviva claims to be “ a pure-play ESG Company with a healthy, self-funded dividend and cash flows to provide a platform for future growth,” but instead the Company is a “dangerously levered and serial capital raiser” that funds its dividends through capital raising. Among other things, the Blue Orca report alleges that Enviva is relying on a carbon accounting loophole that “subsidizes European power companies to replace coal with wood pellets derived from deforestation in the United States” and that the Company inflates profit margins by providing equipment to loggers in exchange for reduced prices. Additionally, the Blue Orca Capital report alleges that “Satellite imagery indicates that contrary to the Company’s claims, in many instances Enviva is procuring wood from the widely condemned practice of clear-cutting.”
WHY CONTACT KAPLAN FOX: Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
If you have any questions about this investigation, your rights, or your interests, please contact:
Pamela Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
