INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Evoqua Water Technologies Stockholders Who Received Shares of Xylem, Inc. to Contact the Firm.

SAN FRANCISCO, CA / ACCESSWIRE / September 27, 2023 / Girard Sharp, LLP and Malmfeldt Law Group P.C., national investment, securities, and class action firms, announce an investigation on behalf of Evoqua stockholders who received Xylem shares in the 2023 merger.

On August 9, 2023, Spruce Point Capital Management, an investment management firm, released a forensic review of Xylem that revealed "concerns about the accuracy of the Company's cash liquidity given findings of two sets of financial statements and its ability to meet Wall Street's aggressive financial expectations." Spruce Point found that the merger "is predicated primarily on $140 million of cost savings synergies, and despite dangling a carrot of potential revenue synergies, Xylem has not offered any quantitative assessment of the opportunities." Spruce Point has predicted a 35-40% downside risk for Xylem stock.

Since May 23, 2023, the day prior to the merger close, shares of Xylem are down over 12%.

If you are an Evoqua stockholder who received Xylem shares in the merger and would like to discuss your potential claim, please email apolk@girardsharp.com or call (866) 981-4800 for a free consultation.

Why Girard Sharp?

Girard Sharp represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We serve on the Plaintiffs' executive committee in the recent spoofing litigation against JPMorgan Chase that settled for $60 million, a favorable resolution that the district court preliminarily approved in December 2021. Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country's largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
Girard Sharp LLP
(866) 981-4800
contact@girardsharp.com
apolk@girardsharp.com
www.girardsharp.com

SOURCE: Girard Sharp LLP

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