NEW YORK, Jan. 28, 2012 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential violations of federal securities law at
Enterprise Financial Services Corp. ("Enterprise Financial" or the
"Company") (Nasdaq: EFSC).
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
)
The investigation focuses on the Company's May 24, 2011 stock offering underwritten by
Keefe, Bruyette & Woods and the Company's January 25, 2012 announcement that the financial
statements included in its Annual Report on Form 10-K for the year
ended December 31, 2010, and the
interim financial statements included in its Quarterly Reports on
Form 10-Q for each of the periods ended March 31, June 30,
and September 30, for 2010 and 2011,
respectively, should no longer be relied upon. Enterprise
Financial stated that it had discovered an error in its process
used to record income on loans covered under loss share agreements
with the Federal Deposit Insurance Corporation (FDIC) during the
foregoing periods. As a result, the Company admitted that it
had overstated its income during these periods.
Request more information now by clicking here:
www.faruqilaw.com/EFSC
Take Action
If you purchased Enterprise Financial stock in the
Company's May 24, 2011 stock offering
underwritten by Keefe, Bruyette & Woods and would like to
discuss your legal rights, visit www.faruqilaw.com/EFSC. You
can also contact us by calling Richard
Gonnello or Francis
McConville toll free at 877-247-4292 or at 212-983-9330 or
by sending an e-mail to rgonnello@faruqilaw.com or
fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding Enterprise Financial's
conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP