Investigation Overview
An investigation on behalf of investors of Energy Harbor Corporation (OTC: ENGH) shares over potential securities laws violations by Energy Harbor Corporation and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Energy Harbor Corporation (OTC: ENGH) concerning whether a series of statements by Energy Harbor Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Akron, OH based Energy Harbor Corporation, through its subsidiaries, operates as an independent power producer and an integrated retail energy provider in the United States.
On July 21, 2020, the Federal Bureau of Investigation agents arrested Ohio House Speaker Larry Householder in connection with an alleged illegal scheme involving bribery in return for Householder's championing of a state-funded bailout of two nuclear power plants operated by Energy Harbor.
Energy Harbor Corporation (OTC: ENGH) declined from $35.50 per share on July 14, 2020, to $20.00 per share on July 22, 2020.