Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS FOR SHAREHOLDERS OF ENCORE ENERGY CORP. (NASDAQ: EU)

Grabar Law Office is investigating claims on behalf of shareholders of enCore Energy Corp. (NASDAQ: EU). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. This class action was filed against enCore and two of its Officers.

WHY? According to an underlying securities fraud class action complaint, enCore Energy Corp. (NASDAQ: EU), through certain of its officers, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that enCore lacked effective internal controls over financial reporting; (2) that enCore could not capitalize certain exploratory and development costs under GAAP; (3) that, as a result, its net losses had substantially increased; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT YOU CAN DO NOW: If you purchased enCore Energy Corp. (NASDAQ: EU) shares prior to March 28, 2024 and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

 

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