San Diego, CA -- (SBWIRE) -- 09/17/2020 -- A deadline is coming up on September 21, 2020 in the lawsuit filed for certain investors of Energy Recovery, Inc. (NASDAQ: ERII).

Investors who purchased shares of Energy Recovery, Inc. (NASDAQ: ERII) have certain options and there are strict and short deadlines running. Deadline: September 21, 2020. Energy Recovery, Inc. (NASDAQ: ERII) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Energy Recovery, Inc. (NASDAQ: ERII) common shares between August 2, 2017 and June 29, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 2, 2017 and June 29, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company and Schlumberger Technology Corp. ("Schlumberger") had different strategic perspectives regarding commercialization of VorTeq, that which created substantial risk of early termination of the Company's exclusive licensing agreement with Schlumberger, that accordingly, the guidance and expectations of future license revenue was false and lacked reasonable basis, and that as a result, defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Energy Recovery, Inc. (NASDAQ: ERII) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.