Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Eos Energy Enterprises, Inc. (“EOS”) (NASDAQ: EOSE) securities between May 9, 2022 and July 27, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Eos’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) 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 Eos’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On November 8, 2024, the Court granted Defendants’ Motion to Dismiss, and closed the case on March 13, 2025. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.