Recent Security Class Actions

Enservco Corporation Common Stock (AMEX: ENSV)

Company Name:Enservco Corporation Common Stock
Stock Symbol:AMEX: ENSV
Class Period Start:05/13/2021
Class Period End (inclusive):04/18/2022

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Enservco had defective disclosure controls and procedures and internal control over financial reporting; (ii) as a result, there were errors in Enservco’s financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for Employee Retention Credits; (iii) accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the SEC; (iv) the Company downplayed the true scope and severity of its financial reporting issues; (v) accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.