And Then There Was Mills - Mother Jones
At the start of last week, there were four members of Congress at risk of expulsion due to allegations of severe misconduct. Two of those members, Reps. Tony Gonzales (R-Texas) and Eric Swalwell (...
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Babcock & Wilcox Enterprises, Inc. (BW) on Behalf of Investors - Business Wire
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your B&W investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/babcock-wilcox-enterprises-inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On October 27, 2022, B&W revised full year 2022 adjusted EBITDA, expecting $70 million to $80 million. The Company explained that the reduction was due to “delay of revenue recognition on certain projects” caused by “global supply chain pressures and shortages caused by geopolitical issues and the war in Ukraine.”
On this news, B&W’s stock fell $2.97, or 37.2%, to close at $5.02 per share on October 27, 2022, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding B&W should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may...
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