An investigation on behalf of current long term investors in Enovix Corporation (NASDAQ:ENVX) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/04/2023 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Enovix Corporation.
Investors who are current long term investors in Enovix Corporation (NASDAQ: ENVX) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: ENVX stocks follows a lawsuit filed against Enovix Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ENVX stocks, concerns whether certain Enovix Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the defendants overstated Enovix's ability to produce batteries at scale, touting the Company's "meaningful progress" in scaling up its manufacturing facility, and its being positioned to deliver batteries ahead of competitions, despite its continued manufacturing issues.
Those who purchased shares of Enovix Corporation (NASDAQ: ENVX) have certain options and should contact the Shareholders Foundation.
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