The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Northern District of Ohio on behalf of shareholders of Babcock & Wilcox Enterprises, Inc. who purchased Securities between November 5, 2025 and March 11, 2026.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) B&W’s largest shareholder, BRC, stood on both sides of the power generation contract and had close ties to B&W’s counterparty; (ii) Applied Digital did not need the products and services that B&W would purportedly supply pursuant to the power generation LNTP and contract; (iii) the foregoing, at the very least, would raise questions about the parties’ actual intent behind entering into the power generation LNTP and contract, including whether the Company is likely to recognize revenues from these agreements; (iv) accordingly, the business and financial prospects of the Company were overstated; and (v) as a result, defendants’ public statements were materially false and misleading at all relevant times.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until June 15, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
