Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
EFXT.US
id: 958

Enerflex (EFXT) Multiple CFOs Resignations Case

  • In October, Enerflex announced its Senior VP and CFO resignation, which was the second CFO resignation in seven months.
  • $EFXT fell 27.6%, losing $195M+ shareholder value.
  • Investors may have grounds to suspect Enerflex of hiding its financial setbacks.
On October 1, 2023, Enerflex (EFXT) announced that Rodney D. Gray had resigned as Senior VP and CFO. It is the second CFO resignation in the last seven months.

On this news, $EFXT fell 27.6% and lost over $195 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Enerflex and its executives hid issues in the operating Company’s financial function, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02 October 2023
Collecting participants…

Enerflex Ltd.

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and Eastern Hemisphere. The company provides natural gas compressi...

    Ticker
    EFXT.US
    CIK
    1904856
    Sector
    Energy
    Industry
    Oil & Gas Equipment & Services
    Country
    USA
    Address
    1331 Macleod Trail SE, Calgary, AB, Canada, T2G OK3