NEW YORK, April 16, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Enterprise Financial Services Corp. ("Enterprise Financial" or the "Company") (NASDAQ: EFSC).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Enterprise Financial was incorrectly recording income on loans covered under loss share agreements with the Federal Deposit Insurance Corporation; (2) the Company's income was overstated; (3) the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; and (4) the Company lacked adequate internal and financial controls.
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If you purchased Enterprise Financial securities between April 20, 2010 and January 25, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/EFSC. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Enterprise Financial's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP