NEW YORK, Jan. 21, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Energy Recovery, Inc. ("Energy Recovery" or the "Company") (NASDAQ: ERII), concerning whether the board has breached its fiduciary duties to shareholders.
On September 11, 2014, the Company disclosed that it had terminated the employment of its Senior Vice President of Sales – for cause. According to the Company, the terminated employee had engaged in conduct that created a conflict of interest for the Company over a period of numerous years. On January 13, 2015, the Company disclosed that its CEO would resign.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Energy Recovery shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP