Energy Recovery, Inc. (NASDAQ:ERII) Investor Alert: Investigation over Potential Wrongdoing

An investigation on behalf of investors in Energy Recovery, Inc. (NASDAQ:ERII) shares over potential wrongdoing at Energy Recovery, Inc. was announced and NASDAQ:ERII stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 04/06/2015 --An investigation on behalf of current long-term investors in shares of Energy Recovery, Inc. (NASDAQ:ERII) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Energy Recovery, Inc.

Investors who purchased shares of Energy Recovery, Inc. (NASDAQ:ERII) and currently hold any of those 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 concerns whether certain Energy Recovery officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On September 10, 2014, Energy Recovery, Inc. announced that effective immediately, it has terminated the employment relationship with its Senior Vice President of Sales, Borja Sanchez-Blanco, for cause. Energy Recovery, Inc said that it recently became aware that Mr. Blanco had breached a duty of trust and engaged in conduct which created a conflict of interest with the Company over the course of several years, not in keeping with the Company's standards for ethics and integrity. Shares of Energy Recovery, Inc. (NASDAQ:ERII) declined to as low as $3.56 per share on October 10, 2014.

On January 13, 2015, Energy Recovery, Inc. announced that Mr. Thomas S. Rooney, Jr. will be resigning as Chief Executive Officer to facilitate a transition during which the Company will identify and appoint a successor to further lead the Company's efforts in the oil and gas industry while continuing to strengthen its market leading position in desalination. Shares of Energy Recovery, Inc. (NASDAQ:ERII) declined to as low as $3.73 per share on January 14, 2015, respectively $2.22 per share on February 2, 2015.

On April 2, 2015, NASDAQ:ERII shares closed at $2.96 per share.

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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/590215