Enphase Energy, Inc.
Lead Plaintiff Deadline: 08/17/2020
SUMMARY OF CASE:
A securities class action has been filed against Enphase Energy, Inc. (ENPH) on behalf of purchasers of the securities of Enphase Energy between February 26, 2019 through June 17, 2020. This case has been filed in the USDC – N.D. Cal.
The complaint alleges that Enphase misrepresented and/or failed to disclose to investors that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company’s reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.