EnerNOC Securities Fraud Lawyers
The lawyers and attorneys at our firm are currently offering free consultations to victims of EnerNOC, Inc. securities fraud. Our EnerNOC securities fraud lawyers have determined that certain of the company's officers, directors, and underwriters violated the Securities Act of 1933 by including or allowing the inclusion of materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the Company's IPO.
In February 2008, shares of EnerNOC Inc. fell 15.3 percent in after the company reported a larger fourth-quarter loss than some Wall Street analysts had expected. If you or someone you know suffered a financial loss because of misleading statements issued by the company, we urge you to contact one of our EnerNOC securities fraud lawyers to discuss your legal rights.
On November 1, 2007, EnerNOC' Chairman and Chief Executive Officer, Timothy Healey, did not adequately reveal the company's true financial position. Then, on November 19, 2007, the Company and certain insiders sold 2.5 million EnerNOC shares at $43.00 per share in a secondary offering.
In February 2008, EnerNOC shares plunged after the Company announced it lost $9 million, or 48 cents a share, for the fourth quarter in 2007. EnerNOC said that ballooning operational and compensation expenses were responsible for the loss. When EnerNOC stock dropped after the announcement, approximately $100 million in shareholder value was wiped out.
Legal Help for Victims of EnerNOC Securities Fraud
If you are an EnerNOC shareholder who purchased or acquired shares between November 19, 2007 and February 28, 2008, you have valuable legal rights. Please contact one of the EnerNOC securities fraud lawyers at our firm by filling out our online form or calling 1-800-LAW INFO (1-800-529-4636).