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Glancy Prongay & Murray LLP (“GPM”), a nationwide trader rights legislation firm, carries on its investigation on behalf of Eos Electrical power Enterprises, Inc. (“Eos Energy” or the “Company”) (NASDAQ: EOSE) investors regarding the Business and its officers’ probable violations of the federal securities guidelines.
If you experienced a decline on your Eos Power investments or would like to inquire about perhaps pursuing statements to recover your decline less than the federal securities regulations, you can post your make contact with information and facts at https://www.glancylaw.com/cases/eos-vitality-enterprises-inc/.You can also make contact with Charles H. Linehan, of GPM at 310-201-9150, Toll-Cost-free at 888-773-9224, or by means of electronic mail at [email protected] to understand additional about your rights.
On January 14, 2021, Iceberg Study posted a report entitled “Eos Power ($EOSE): Fake Customers Won’t Recharge a Dead Battery,” alleging amongst other items that Eos Electrical power has “unsuccessful technological innovation and dubious clients.” Citing conclusions that “the disclosed consumers are very unlikely to have the economical skill to honour their contracts,” the report “estimate[s] that EOS’ equity is worth only $144M . . . which signifies a 90% downside from its existing market cap of $1.5B.”
On this news, Eos Electricity inventory rate fell $3.85, or 13.55%, to near at $24.56 per share on January 14, 2021, thereby injuring traders.
Whistleblower Recognize: People with non-community information and facts pertaining to Eos Electrical power should contemplate their solutions to assist the investigation or just take gain of the SEC Whistleblower Program. Less than the software, whistleblowers who offer unique data may possibly acquire benefits totaling up to 30 percent of any prosperous recovery designed by the SEC. For far more data, 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 leading legislation company representing buyers and customers in securities litigation and other elaborate course motion litigation. ISS Securities Course Action Services has continuously rated GPM in its yearly SCAS Major 50 Report. In 2018, GPM was rated a best five legislation agency in amount of securities class action settlements, and a top six law organization for overall greenback measurement of settlements. With four places of work across the country, GPM’s practically 40 attorneys have received groundbreaking rulings and recovered billions of dollars for traders and shoppers in securities, antitrust, client, and work class steps. GPM’s lawyers have managed cases covering a broad spectrum of company misconduct like cases involving economic restatements, interior manage weaknesses, earnings administration, fraudulent earnings advice and forward wanting statements, auditor misconduct, insider buying and selling, violations of Food and drug administration laws, steps resulting in Fda and DOJ investigations, and several other types of company misconduct. GPM’s lawyers have labored on securities conditions relating to approximately all industries and sectors in the money marketplaces, together with, strength, consumer discretionary, consumer staples, actual estate and REITs, economical, insurance policies, details engineering, wellbeing care, biotech, cryptocurrency, medical devices, and a lot of extra. GPM’s past successes have been extensively protected by top news and business publications these types of as The Wall Avenue Journal, The Economical Periods, Bloomberg Businessweek, Reuters, the Related Press, Barron’s, Investor’s Business Day-to-day, Forbes, and Income.
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Perspective source edition on businesswire.com: https://www.businesswire.com/news/property/20210122005438/en/
Supply: Glancy Prongay & Murray LLP
Copyright Company Wire 2021
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