LOS ANGELES–(Organization WIRE)–Glancy Prongay & Murray LLP (“GPM”), a primary national shareholder legal rights regulation agency, nowadays introduced that it has commenced an investigation on behalf of Eos Electricity Enterprises, Inc. (“Eos Energy” or the “Company”) (NASDAQ: EOSE) traders about the Company’s possible violations of the federal securities legislation.
If you endured a loss on your Eos Energy investments or would like to inquire about possibly pursuing statements to get well your reduction under the federal securities laws, you can submit your make contact with details at https://www.glancylaw.com/circumstances/eos-vitality-enterprises-inc/. You can also get hold of Charles H. Linehan, of GPM at 310-201-9150, Toll-Cost-free at 888-773-9224, or by using email at sha[email protected] to master a lot more about your rights.
On January 14, 2021, Iceberg Investigation printed a report entitled “Eos Energy ($EOSE): Phony Customers Is not going to Recharge a Lifeless Battery,” alleging amid other items that Eos Energy has “failed technological innovation and dubious consumers.” Citing results that “the disclosed shoppers are exceptionally not likely to have the economic means to honour their contracts,” the report “estimate[s] that EOS’ fairness is worthy of only $144M . . . which represents a 90% draw back from its recent market place cap of $1.5B.”
On this news, Eos Vitality stock price fell $3.85, or 13.55%, to shut at $24.56 per share on January 14, 2021, therefore injuring investors.
Whistleblower Detect: Persons with non-general public details pertaining to Eos Energy must consider their options to support the investigation or choose advantage of the SEC Whistleblower Software. Below the system, whistleblowers who deliver authentic data might get benefits totaling up to 30 percent of any successful recovery produced by the SEC. For more info, get in touch with Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
Glancy Prongay & Murray LLP is a premier legislation agency representing investors and consumers in securities litigation and other advanced class motion litigation. ISS Securities Course Action Services has constantly ranked GPM in its yearly SCAS Leading 50 Report. In 2018, GPM was rated a top rated 5 law organization in quantity of securities class motion settlements, and a top 6 law company for total greenback measurement of settlements. With 4 offices throughout the nation, GPM’s virtually 40 lawyers have won groundbreaking rulings and recovered billions of bucks for buyers and people in securities, antitrust, consumer, and employment course steps. GPM’s legal professionals have handled scenarios masking a extensive spectrum of corporate misconduct which include situations involving monetary restatements, inside regulate weaknesses, earnings administration, fraudulent earnings direction and ahead wanting statements, auditor misconduct, insider investing, violations of Fda restrictions, steps ensuing in Food and drug administration and DOJ investigations, and numerous other forms of corporate misconduct. GPM’s lawyers have labored on securities situations relating to approximately all industries and sectors in the financial marketplaces, such as, electrical power, shopper discretionary, customer staples, true estate and REITs, economic, insurance coverage, info technologies, well being care, biotech, cryptocurrency, health care devices, and numerous additional. GPM’s previous successes have been broadly covered by major news and field publications this sort of as The Wall Road Journal, The Economical Situations, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Company Daily, Forbes, and Dollars.
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