|[May 03, 2012]
Milberg LLP Announces Class Action Lawsuit Against Enterprise Financial Services Corp. -- Launches Case Website
NEW YORK --(Business Wire)--
Milberg LLP announces that a class action lawsuit was filed in the
United States District Court for the Eastern District of Missouri on
behalf of purchasers of Enterprise Financial Services Corp. ("Enterprise
Financial" or the "Company") (NASDAQ:EFSC) common stock between April
20, 2010 and January 25, 2012, (the "Class Period").
Milberg LLP has created a website (http://www.EnterpriseFinancialLawsuit.com)
that seeks to answer common questions about shareholder class actions.
The complaint alleges that defendants violated the Securities Exchange
Act of 1934 because the company was improperly recording income on loans
covered under loss share agreement with the Federal Deposit Insurance
On January 25, 2012, Enterprise Financial announced that it will have to
restate its financial statements for the year ended December 31, 2010
and for the first three quarters of 2011 and 2010. In reaction to the
news, Enterprise Financial shares fell 18.88% to $12.55 per share on
January 26, 2012.
If you purchased Enterprise Financial shares during the Class Period you
may, no later than June 11, 2012, request that the Court appoint you
lead plaintiff of the proposed class. A lead plaintiff is a class member
that represents other class members in directing the litigation. Your
share in any recovery will not be affected by serving as a lead
plaintiff, however, lead plaintiffs make important decisions that could
affect the overall recovery for class members. You do not need to be a
lead plaintiff to recover. You may retain Milberg LLP, or other
attorneys, for this action, but do not need to retain counsel to
recover. If this action is certified as a class action, class members
will be automatically represented by Court-appointed counsel. The
complaint in this action was not filed by Milberg.
Milberg LLP has represented individual and institutional investors for
over four decades and serves as lead counsel in Courts throughout the
United States. Visit the Milberg website (www.milberg.com)
for more information about the firm. If you wish to discuss this matter
with us, please contact the following attorneys:
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
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