Evoqua Water Technologies Corp. (NYSE: AQUA) Investor Securities Class Action Lawsuit 11/06/2018

If you shares of Evoqua Water Technologies Corp. (NYSE: AQUA), you have certain options and for certain investors are short and strict deadlines running. Deadline: January 7, 2019. NYSE: AQUA investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Evoqua Water Technologies
Case Name: 
Evoqua Water Technologies Shareholder Class Action Lawsuit 11/06/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: AQUA
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
11/06/2018
Class Period Begin: 
11/06/2017
Class Period End: 
10/30/2018
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
01/07/2019
Summary: 

An investor in shares of Evoqua Water Technologies Corp. (NYSE: AQUA) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Evoqua Water Technologies Corp. in connection with certain allegedly false and misleading statements made between November 6, 2017 through October 30, 2018.

Pittsburg, PA based Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. Evoqua Water Technologies Corp went public in October 2017. Evoqua Water Technologies Corp. reported that its Total Revenue increased from over $1.13 billion for the 12 months period that ended on September 30, 2016 to over $1.24 billion for the 12 months period that ended on September 30, 2017, and that its Net Income over those time periods declined from $11.63 million to $2.16 million.

On October 30, 2018, Evoqua Water Technologies Corp announced its preliminary financial results for the fourth quarter and fiscal year ended September 30, 2018, which fell below the Company’s and analyst’s expectations. Evoqua Water Technologies Corp stated that the shortfalls were “primarily due to acquisition system integration issues, supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project.”

Shares of Evoqua Water Technologies Corp. (NYSE: AQUA) declined to as low as $8.60 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of Evoqua Water Technologies Corp. (NYSE: AQUA) common shares between November 6, 2017 through October 30, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between November 6, 2017 through October 30, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Evoqua Water Technologies Corp failed to successfully integrate its prior acquisitions, that Evoqua Water Technologies Corp was experiencing supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project, and that as a result of the foregoing, Evoqua Water Technologies Corp’s public statements were materially false and misleading at all relevant times.