NEW YORK, Dec. 18, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Energy Recovery, Inc. ("Energy Recovery" or the "Company") (NASDAQ : ERII). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Energy Recovery and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 18, 2017, Energy Recovery announced that the Company will not conclude milestone testing of its VorTeq hydraulic fracking technology by the end of 2017. Energy Recovery stated that a physical examination of the VorTeq system indicated that certain of its components were suboptimal.
On this news, Energy Recovery's share price has fallen as much as $0.96, or 9.46%, during intraday trading on December 18, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP