Robbins Arroyo LLP: Evoqua Water Technologies Corp. (AQUA) Misled Shareholders According to Complaint

SAN DIEGO & PITTSBURGH–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;$AQUAlt;/agt; lt;a href=”” target=”_blank”gt;#ClassActionlt;/agt;–Shareholder rights law firm Robbins
Arroyo LLP
announces that an investor of Evoqua Water Technologies
Corp. (NYSE: AQUA) has filed a shareholder derivative complaint against
the company’s officers and directors for breaches of fiduciary duties
between November 6, 2017 and October 30, 2018. Evoqua provides a range
of water and wastewater treatment systems and technologies, and mobile
and emergency water supply solutions and services.

View this information on the law firm’s Shareholder Rights Blog:

Evoqua’s Officers and Directors Accused of Misleading Investors
About Company’s Business Prospects

According to the complaint, Evoqua’s initial public offering (“IPO”)
documents touted the company had an experienced management team,
emphasizing that it had expanded the company’s operations to new target
markets and had shown “successful acquisition and integration
capabilities.” The documents further noted the company’s long-term
growth potential. On March 12, 2018, when Evoqua filed another
registration statement in connection with a new offering, it again
touted its “[e]xperienced management team,” which had “proven
operational capabilities.”

On October 30, 2018, Evoqua announced that its preliminary financial
results for the fourth quarter and fiscal year ended September 30, 2018,
fell below the company’s expectations. Evoqua attributed the
disappointing results to acquisition system integration issues and
supply chain disruptions influenced by tariffs, which had not previously
been disclosed. On this news, Evoqua’s stock plummeted over 34% to close
at $9.02 per share on October 30, 2018. Evoqua stock continues to trade
significantly below its IPO price of $18.00.

Evoqua Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003,,
or via the shareholder information form on the firm’s website.

Arroyo LLP
is a nationally recognized leader in shareholder rights
law. The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
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Leonid Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
Diego, CA 92122
525-3990 or Toll Free (800) 350-6003