Eos Energy Enterprises ($EOSE) $8.5M Investor Settlement

The settlement funds have been distributed to claimants.

$8,500,000

Cash Settlement

Delaware court of Chancery

Court

2023-0293-LWW

Case number

11/10/2020

Class period Start

11/16/2020

Class period End

Eos Energy Enterprises ($EOSE), has agreed to settle $8.5 M with investors to resolve claims that incomplete disclosures surrounding its 2020 merger with Eos misled stockholders about their redemption rights.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Mismanagement,

Financial Misrepresentation,

Breach of Fiduciary duty

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Filing date

03/08/2023

Plaintiffs

Richard Delman

Attorneys

Grant & Eisenhofer P.A.

Defendants

Bryant R. Riley ; Daniel Shribman ; Kenneth Young ; Patrick J. Bartels, Jr. ; James L. Kempner ; Timothy M. Presutti ; Robert Suss

Trades matching type

FIFO

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