Enovix Corporation (NASDAQ:ENVX) Long Term Investor Alert: Investigation over Possible Wrongdoing

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 mail@shareholdersfoundation.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.

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

About The Shareholders Foundation
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.

Media Relations Contact

Michael Daniels
Shareholders Foundation, Inc.

View this press release online at: http://rwire.com/1372655