SHAREHOLDER ALERT: Potential Recovery for Eos Energy Enterprises, Inc. (EOSE) Investors Affected by Stock Drop – Levi & Korsinsky Pursuing Class Action Lawsuit
News provided byACCESSWIRE
Sep 18, 2023, 6:10 PM ET
NEW YORK, NY / ACCESSWIRE / September 18, 2023 / If you suffered a loss on your Eos Energy Enterprises, Inc. (NASDAQ:EOSE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/eos-lawsuit-submission-form?prid=48745&wire=1 or contact Joseph E. Levi, Esq. via email at email@example.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against Eos Energy Enterprises, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between May 9, 2022 and July 27, 2023.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction; (2) as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe; (3) as such, Eos's backlog was overstated; (4) such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Eos stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/eos-lawsuit-submission-form?prid=48745&wire=1 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP
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