Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Energy Recovery Inc (NASDAQ: ERII) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Energy Recovery Inc (NASDAQ: ERII) concerning whether a series of statements by Energy Recovery Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 24, 2016, Cannell Capital LLC published a report detailing Energy Recovery's market value as "excessive" and stating that "the Company has a rich history of over-promising and under-delivering."  The report also described the details of a lawsuit filed by Energy Recovery's former Chief Sales Officer claiming that certain Energy Recovery executives had compelled him to provide "false information to Board members and the public" and that Energy Recovery had made a number of misrepresentations with respect to the sales pipeline for its products, the commercial viability of its Vorteq product, and companies for which it was a qualified vendor.

Following this news, NASDAQ: ERII shares dropped nearly 14% on May 24, 2016.

Based in San Leandro, CA, and founded in 1992 Energy Recovery Inc provides energy solutions to industrial fluid flow markets globally.

If you purchased shares of Energy Recovery Inc (NASDAQ: ERII) on or before May 24, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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