NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against CIRCOR International, Inc. (NYSE: CIR), NeoGenomics, Inc. (NASDAQ: NEO), First High-School Education Group Co., Ltd. (NYSE: FHS), and Enservco Corp. (NYSE: ENSV). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other illegal business practices. Additional information about each case can be found at the link provided.
CIRCOR International, Inc. (NYSE: CIR)
On March 14, 2022, CIRCOR disclosed that it may restate financial results dating to 2018 due to accounting irregularities related to its pipeline engineering unit. The Company stated that the irregularities appeared to be “in the range of $35 to $45 million of pre-tax income on a cumulative basis over a period of at least five years.”
On this news, the Company’s stock fell as much as 2.4% during after-hours trading on March 14, 2022.
For more information on the CIRCOR investigation go to: https://bespc.com/cases/CIR
NeoGenomics, Inc. (NASDAQ: NEO)
NeoGenomics specializes in cancer genetics testing and information services and aims to provide comprehensive oncology-focused testing menus in the world for physicians to help them diagnose and treat cancer.
On Monday, March 28, 2022, NeoGenomics’ Chief Executive Mark Mallon stepped down as the health-testing company revealed that first-quarter financials will miss guidance and rescinded its forecast for the full year.
On this news, the price of NeoGenomics shares declined by $5.30 per share, or approximately 29.8%, from $17.79 per share to close at $12.49 per share on March 29, 2022.
For more information on the NeoGenomics investigation go to: https://bespc.com/cases/NEO
First High-School Education Group Co., Ltd. (NYSE: FHS)
On or around March 11, 2021, First High-School Education conducted its initial public offering (“IPO”), and the company sold 7.5 million shares for $10.00.
The investigation seeks to determine whether the Company’s filings with the US Securities and Exchange Commission in connection with its March 2021 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company’s business, and operations.
Since the IPO the stock has plummeted and on April 6, 2022, First High-School Education stock closed at $1.43.
For more information on the First High-School investigation go to: https://bespc.com/cases/FHS
Enservco Corp. (NYSE: ENSV)
On April 18, 2022, Enservco disclosed in a filing with the US Securities and Exchange Commission that it had “concluded that the Company’s previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the ‘Relevant Periods’) should no longer be relied upon due to the Company’s utilization of certain deferred tax liabilities in 2021 “and that”