Sarraf Gentile LLP Investigates Enterprise Financial Services Corporation
January 25 2012 - 9:47PM
Business Wire
Sarraf Gentile LLP announces that it is investigating Enterprise
Financial Services Corporation (“EFSC” or the “Company) (Nasdaq:
EFSC) in connection with its disclosure of an overstatement of
income and the need to restate its financial statements.
On January 25, 2012, the Company stated that it will restate its
financial statements for the year ended December 31, 2010 and for
the first three quarters of 2011 and 2010. The Company stated that
it discovered an accounting error that resulted in an inadvertent
overstatement of income on loans covered by FDIC loss share
agreements during those periods. The Company further stated that
its Annual Report on Form 10-K as of and for the year ended
December 31, 2010 and the interim financial statements included in
its Quarterly Reports on Form 10-Q as of and for each of the
periods ended March 31, June 30, and September 30, for 2010 and
2011, respectively, should no longer be relied upon.
If you purchased or own EFSC stock and want to discuss your
legal rights, at no cost and without obligation, please contact
Joseph Gentile at Sarraf Gentile LLP (telephone: 212-868-3610;
e-mail: joseph@sarrafgentile.com).
Sarraf Gentile LLP has extensive experience litigating
shareholder class actions across the United States and has
recovered millions of dollars on behalf of injured
shareholders.
ATTORNEY ADVERTISING. Prior results do not guarantee a similar
outcome.
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