Bronstein, Gewirtz & Grossman LLC Urges Babcock & Wilcox Enterprises, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Babcock & Wilcox Enterprises (BW) alleging that company executives made materially false and misleading statements regarding business operations and prospects. The complaint claims that BW's largest shareholder had undisclosed conflicts of interest in a major Power Generation contract with Applied Digital, and that the company may not recognize revenues from these agreements as represented.