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If you purchased shares of Enterprise Financial Services Corp (NASDAQ:EFSC) prior to 2010 and currently hold any of these shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
May 13, 2013 (Shareholders Foundation) - An investigation on behalf of current investors, who purchased their NASDAQ:EFSC shares prior to 2010, was announced concerning whether certain directors of Enterprise Financial Services Corp breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain Enterprise Financial Services officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Enterprise Financial Services Corp (NASDAQ:EFSC) reported that its Net Loss of $47.95 million in 2009 turned into a Net Income of $25.10 million in 2012.
Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) grew from $7.59 per share in late 2009 to as high as $15.91 per share in November 2011.
On January 25, 2012, Enterprise Financial Services Corp said that it discovered an accounting error that resulted in an inadvertent overstatement of income on loans covered by FDIC loss share agreements for the year ended December 31, 2010 and for the first three quarters of 2011 and 2010.
NASDAQ:EFSC declined from over $15 on Jan. 20, 2012 to as low as $10.29 in June 2012.
