INVESTIGATION Alert: The Schall Law Company Announces it is Investigating Promises Versus Eos Vitality Enterprises, Inc. and Encourages Buyers with Losses of $100,000 to Make contact with the Organization
LOS ANGELES–(Organization WIRE)–The Schall Regulation Company, a countrywide shareholder rights litigation organization, announces that it is investigating statements on behalf of traders of Eos Energy Enterprises, Inc. (“Eos Energy” or “the Company”) (NASDAQ: EOSE) for violations of the securities legislation.
The investigation focuses on whether the Corporation issued untrue and/or deceptive statements and/or failed to disclose info pertinent to buyers. Eos Electrical power is the matter of a report released by Iceberg Investigate on January 14, 2021. The report, titled “Eos Electrical power ($EOSE): Phony Clients Is not going to Recharge a Dead Battery,” alleges that the Company suffers from “failed engineering and dubious buyers.” The report states that “the disclosed prospects are incredibly not likely to have the monetary capacity to honour their contracts,” and “estimate[s] that EOS’ equity is really worth only $144M . . . which represents a 90% draw back from its recent industry cap of $1.5B.” Based on this news, shares of Eos Electrical power fell by extra than 13.5% on the same day.
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We also motivate you to call Brian Schall of the Schall Law Business, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to examine your rights no cost of charge. You can also arrive at us by way of the firm’s site at www.schallfirm.com, or by email at [email protected].
The Schall Regulation Firm represents investors all around the environment and specializes in securities course motion lawsuits and shareholder legal rights litigation.
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