Press release
Investigation announced for Long-Term Investors in shares of Eos Energy Enterprises, Inc. (NASDAQ: EOSE) over possible Wrongdoing
An investigation on behalf of current long term investors in Eos Energy Enterprises, Inc. (NASDAQ: EOSE) shares.
Investors who are current long term investors in Eos Energy Enterprises, Inc. (NASDAQ: EOSE) 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 current long term investors in NASDAQ: EOSE stocks follows a lawsuit filed against Eos Energy Enterprises, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EOSE stocks, concerns whether certain Eos Energy Enterprises, 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 New Jersey the plaintiff alleges that, the defendants failed to disclose to investors that Bridgelink Commodities, LLC ("Bridgelink") is connected to a group whose assets were seized by a creditor and sold in an auction, that, as such, Bridgelink's commitment and ability to purchase Eos products was not as secure as Eos had led investors to believe, that, as such, Eos's backlog was overstated, that such overstatement negatively impacts Eos's ability to secure a loan from the Department of Energy, and that, 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.
Those who purchased shares of Eos Energy Enterprises, Inc. (NASDAQ: EOSE) 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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