NEW
YORK, Aug. 4, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Eos Energy
Enterprises, Inc. (NASDAQ: EOSE).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/eos-class-action-loss-submission-form/?id=43069&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Eos between May 9, 2022
and July 27, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
October 2, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Eos Energy Enterprises, Inc.
issued materially false and/or misleading statements and/or failed
to disclose 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law