Enova International shares fell after the Company withdrew the federal regulatory applications required to complete its approximately $369 million Grasshopper Bancorp acquisition. Levi & Korsinsky is investigating potential securities law violations on behalf of ENVA investors.
NEW YORK, Sept. 23, 2026 /PRNewswire/ -- Enova International (NYSE: ENVA) disclosed on September 14, 2026 that it had withdrawn its applications to the Office of the Comptroller of the Currency and the Federal Reserve tied to its proposed acquisition of Grasshopper Bancorp, Inc. By the following morning, the stock had declined more than $50 per share, more than 22%. If you suffered a loss on your ENVA investment, you are encouraged to click here to submit your information . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Enova announced the Grasshopper transaction on December 10, 2025, at a value of approximately $369 million. Applications for the transaction were filed with the OCC and the Federal Reserve in January 2026. Approval from both agencies was required for Enova to acquire an insured bank and operate as a bank holding company. The September 14, 2026 Form 8-K and accompanying press release disclosed that those applications had been withdrawn.
Chief Executive Officer Steven Cunningham attributed the decision to unclear regulatory standards for nonbank companies seeking bank status and stated that the application process was vulnerable to political pressure. The last earnings call held before the withdrawal took place on July 23, 2026. Levi & Korsinsky's investigation concerns potential securities law violations relating to the Grasshopper transaction and the federal approvals on which it depended.
Shareholders who held ENVA shares through the September 14 disclosure may request a no-cost review of their losses. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
Frequently Asked Questions About the ENVA Investigation
Q: Who is conducting the ENVA investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased ENVA securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: Who is eligible to participate in the ENVA investigation? A: Investors who purchased ENVA stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: How much did ENVA stock drop? A: ENVA shares fell from a closing price of $226.72 on September 14, 2026, to open at just $176.22 on September 15, 2026, an overnight decline of about $50.50, or roughly 22.27%.
Q: What do ENVA investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery . No immediate action is required to remain eligible to participate in the investigation.
Q: What is a lead plaintiff and why does it matter? A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.
Q: What if I already sold my ENVA shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought ENVA and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
CONTACT:\
Levi & Korsinsky, LLP\
Joseph E. Levi, Esq.\
Ed Korsinsky, Esq.\
33 Whitehall Street, 27th Floor\
New York, NY 10004\
Tel: (212) 363-7500\
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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