NEW YORK, Jan. 26, 2012 /PRNewswire/ -- The Law Office
of James C. Kelly is investigating
potential violations of securities laws by Enterprise Financial
Services Corp ("Enterprise Financial" or the "Company") (NASDAQ:
EFSC). Enterprise Financial is the parent of Clayton, Missouri-based Enterprise Bank.
The investigation focuses on possible claims on behalf of
purchasers of the securities of Enterprise Financial.
On January 26, 2012, Enterprise
Financial announced that it would restate its financial statements
for the year ended December 31, 2010
and for the first three quarters of 2011 and 2010. The
Company claimed that it discovered an accounting error that
resulted in an inadvertent overstatement of income on loans
partially covered by The Federal Deposit Insurance Corporation
(FDIC) during those periods. The Company also announced that
its financial statements, report on internal controls and the
reports thereon of Deloitte & Touche LLP, the Company's
independent registered public accounting firm included in 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 Enterprise Financial securities and want to
discuss your legal rights, contact The Law Office of James C. Kelly. Please contact
James C. Kelly, Esq., by telephone
at (888) 643-7517 or e-mail at jkelly@jckellylaw.com.
The Law Office of James C. Kelly
is a New York City-based law firm
with significant experience representing investors in
merger-related shareholder class actions, shareholder derivative
actions, and securities fraud class actions. For more information
about the firm, please visit its website at
http://www.jckellylaw.com.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE The Law Office of James C.
Kelly