LOS ANGELES--([ BUSINESS WIRE ])--The Law Offices of Todd M. Garber announces a June 11, 2012 deadline to file a motion with the court to be appointed as Lead Plaintiff in the shareholder lawsuit against Enterprise Financial Services Corp (aEnterprisea or the aCompanya) (NASDAQ:EFSC). The lawsuit was filed in the United States District Court for the Eastern District of Missouri on behalf of a class (the aClassa) comprising all persons or entities who purchased Enterprise securities between April 20, 2010 and January 25, 2012, inclusive (the aClass Perioda).
Enterprise operates as the holding company for Enterprise Bank & Trust, which purports to provide banking and wealth management services to individuals and business customers in the St. Louis, Kansas City and Phoenix metropolitan markets. The Complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose material adverse facts about Enterprise's business, operations and prospects, including that: (1) the Company was improperly recording income on loans covered under loss share agreements with the Federal Deposit Insurance Corporation; (2) as a result, the Company's income was overstated; (3) as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (4) the Company lacked adequate internal and financial controls; and (5), as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.
No action is required at this time to be a member of the above-described Class; you may retain counsel of your choice or take no action and remain an absent Class member. However, if you purchased Enterprise securities between April 20, 2010 and January 25, 2012, you have until June 11, 2012 to file a motion with the court to be appointed as Lead Plaintiff, if you meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to [ info@toddgarberlaw.com ].
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