An investigation on behalf of current long term investors in Energy Recovery, Inc. (NASDAQ:ERII) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWire) -- 10/28/2020 --Certain directors of Energy Recovery, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Energy Recovery, Inc. (NASDAQ: ERII) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: ERII stocks follows a lawsuit filed against Energy Recovery, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ERII stocks, concerns whether certain Energy Recovery directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that 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.