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Investigation announced for Long-Term Investors who hold shares of ESS Tech, Inc. (NYSE: GWH)

04-19-2023 05:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in ESS Tech, Inc. (NYSE: GWH) shares over possible breaches of fiduciary duty.

An investigation on behalf of investors in ESS Tech, Inc. (NYSE: GWH) shares over possible breaches of fiduciary duty.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of ESS Tech, Inc.

Investors who are investors in ESS Tech, Inc. (NYSE: GWH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: GWH stocks follows a lawsuit filed against ESS Tech, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GWH stocks, concerns whether certain ESS Tech, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Oregon the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the purported agreement with Energy Storage Industries Asia Pacific ("ESI") was in fact an undisclosed related party transaction because ESI was a de-facto subsidiary of ESS masquerading as third-party client, that ESS Tech, Inc. misled investors with their partnership announcement to signal business success to investors, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of ESS Tech, Inc. (NYSE: GWH) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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