SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Eos Energy Enterprises, Inc. with Losses of $100,000 to Contact the Firm
News provided byACCESSWIRE
Sep 19, 2023, 8:45 AM ET
LOS ANGELES, CA / ACCESSWIRE / September 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Eos Energy Enterprises, Inc. ("Eos" or "the Company") (NASDAQ:EOSE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between May 9, 2022 and July 27, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before September 30, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Bridgelink Commodities, LLC ("Bridgelink"), a major Eos customer, was connected to a group whose assets were sold at auction after being seized by creditors. Due to this condition, Bridgelink's alleged commitment to purchase the Company's products as not as secure as it had claimed. The Company's backlog was overstated as a result. The Company's overstatement would impact its ability to secure a Department of Energy loan. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Eos, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE: The Schall Law Firm
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