A law book with a gavel – Class action. Credit: Boris Zerwann/Adobe Stock Energy Company Facing Securities Class Action Over Statements on Securing Federal Loan
This suit was surfaced by Law.com Radar. Read the document here.
August 02, 2023 at 12:19 PM
1 minute read
Energy
Eos Energy Enterprises and certain executives were hit with a securities class action Tuesday in New Jersey District Court. The suit accuses the defendants of failing to disclose that the company's major client, Bridgelink Commodities, was affiliated with a group which had its assets seized, and that Eos had overstated its ability to secure a loan from the Department of Energy. The complaint was filed by Carella, Byrne, Cecchi, Olstein, Brody & Agnello; Glancy Prongay & Murray; and the Law Offices of Howard G. Smith. Counsel have not yet appeared for the defendants. The case is 3:23-cv-04113, Houck v. Eos Energy Enterprises, Inc. et al.
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