{"success":true,"data":{"pressRelease":{"id":"32198","rtpr_id":"nBw2y6YDla","ticker":"BW","exchange":"NYSE","all_tickers":["BW"],"title":"BW Investor Alert: Babcock & Wilcox Enterprises Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Defendants Allegedly Concealed Contract Risks: Levi & Korsinsky","author":"Business Wire","published_at":"2026-05-12T20:00:00.174Z","article_body":"BW Investor Alert: Babcock & Wilcox Enterprises Securities Fraud Lawsuit -\nInvestors With Losses May Seek to Lead the Class Action After Defendants\nAllegedly Concealed Contract Risks: Levi & Korsinsky\n\nThe Red Flags: What Insiders Allegedly Knew Before Shareholders Did\n\nLevi & Korsinsky, LLP announces that a securities class action has been\nfiled against Babcock & Wilcox Enterprises, Inc. (NYSE: BW).\n\nYOU MAY BE AFFECTED IF YOU:\n\n\n * Purchased BW stock between November 5, 2025 and March 11, 2026\n\n * Lost money on your Babcock & Wilcox investment\n\nSubmit your information to recover losses\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fzlk.com%2Fcases%2Fbabcock-wilcox-enterprises-class-action-lawsuit-bw%3Fprid%3D185589%26wire%3D2&esheet=54533506&newsitemid=20260512384258&lan=en-US&anchor=Submit+your+information+to+recover+losses&index=1&md5=c9f9922d46ffd19736f6a3d2d5d13b6f)\nor contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\n(mailto:jlevi@levikorsinsky.com) or (212) 363-7500.\n\nBW shares dropped $1.71 per share, or 11.59%, after a short seller exposed\nwhat the securities action alleges were undisclosed related-party ties\nembedded in a $2.4 billion contract that the Company had repeatedly promoted\nto investors. The lead plaintiff deadline is June 15, 2026.\n\nWhat They Allegedly Knew\n\nThe lawsuit contends that when the Company announced its Power Generation\nagreement in November 2025 and again upon full notice to proceed in March\n2026, management was aware that its largest shareholder, BRC, maintained an\nundisclosed relationship with the contract counterparty, Base Electron.\nSpecifically, the action claims that BRC's Co-CEO and Chairman Bryant Riley\nserved as a director of Base Electron, and that Base Electron's registered\naddress matched BRC's headquarters rather than Applied Digital's. Base\nElectron's articles of incorporation were not even filed until December 23,\n2025, seven weeks after the initial agreement was announced to investors.\n\nThe Red Flags That Emerged\n\nThe complaint chronicles warning signs that, as alleged, should have prompted\ndisclosure:\n\n\n * Applied Digital's existing data center campuses had already secured power\nthrough conventional grid agreements, raising questions about whether the\ncontract served a genuine commercial purpose\n\n * Applied Digital could unilaterally terminate its guarantee of Base Electron's\nobligations for as little as $50 million on a purportedly $2.4 billion deal\n\n * BRC sold its entire directly-held position in BW common stock for\napproximately $10.4 million at $9 per share, a 140% premium to the\npre-announcement price, shortly after the contract inflated the stock\n\n * Of the $2.4 billion headline figure, only approximately $434 million was a\nfixed fee, with the remainder contingent on variable charges the Company\ndeclined to detail for five additional weeks\n\nInside Knowledge vs. Public Statements\n\nWhile management promoted a \"$10 billion global pipeline\" and described the\nproject's impact as \"profound,\" the securities action alleges that internally,\nthe circumstances surrounding the transaction painted a different picture. As\npleaded, the counterparty was created weeks after the preliminary agreement,\nshared office space with BW's largest shareholder, and was directed in part by\nthat shareholder's Co-CEO. The filing states these facts were available to\nmanagement yet withheld from the investing public.\n\n\"The timeline raises important questions about when certain risks were known\ninternally versus when they were disclosed to the investing public,\" stated\nJoseph E. Levi, Esq.\n\nAct now to protect your rights\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fzlk.com%2Fcases%2Fbabcock-wilcox-enterprises-class-action-lawsuit-bw%3Fprid%3D185589%26wire%3D2&esheet=54533506&newsitemid=20260512384258&lan=en-US&anchor=Act+now+to+protect+your+rights&index=2&md5=91ae2359e9068b27f7c3b32fdf30742a)\nor call (212) 363-7500.\n\nAbout Levi & Korsinsky, LLP\n\nLevi & Korsinsky represents investors in securities class actions\nnationwide, with a track record of recovering hundreds of millions for\nshareholders harmed by alleged corporate concealment. Ranked among ISS Top 50\nfor seven consecutive years. Lead plaintiff applications must be submitted by\nJune 15, 2026.\n\nFrequently Asked Questions About the BW Lawsuit\n\nQ: When did Babcock & Wilcox allegedly mislead investors? A: The class\nperiod runs from November 5, 2025 to March 11, 2026. The alleged fraud was\nrevealed through corrective disclosures on March 12, 2026, causing an 11.59%\nstock decline.\n\nQ: What specific misstatements does the BW lawsuit allege? A: The complaint\nalleges Babcock & Wilcox made materially false or misleading statements\nregarding the legitimacy, value, and independence of a $2.4 billion power\ngeneration contract, while concealing related-party ties between its largest\nshareholder and the contract counterparty. When the true circumstances were\nrevealed, the stock price declined sharply.\n\nQ: What do BW investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact Levi\n& Korsinsky for a free, no-obligation evaluation at\njlevi@levikorsinsky.com (mailto:jlevi@levikorsinsky.com) or (212) 363-7500. No\nimmediate action is required to remain eligible as a class member.\n\nQ: What if I already sold my BW shares -- can I still recover losses? A: Yes.\nEligibility is based on when you purchased, not whether you still hold them.\nInvestors who bought during the class period and sold at a loss may still\nparticipate.\n\nQ: Do I need to go to court or give testimony? A: No. The overwhelming\nmajority of class members never appear in court or give depositions. You\nsubmit a claim form to receive your portion of recovery.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What if I missed the lead plaintiff deadline? A: The deadline applies only\nto investors seeking lead plaintiff appointment. Class members who miss it can\nstill participate in any settlement or recovery.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260512384258/en/\n(https://www.businesswire.com/news/home/20260512384258/en/)\n\nLevi & Korsinsky, LLP\n\nJoseph E. Levi, Esq.\n\nEd Korsinsky, Esq.\n\n33 Whitehall Street, 27th Floor\n\nNew York, NY 10004\n\njlevi@levikorsinsky.com \n(mailto:jlevi@levikorsinsky.com) \nTel: (212) 363-7500\n\nFax: (212) 363-7171\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2y6YDla","title":"BW Investor Alert: Babcock & Wilcox Enterprises Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Defendants Allegedly Concealed Contract Risks: Levi & Korsinsky","author":"Business Wire","ticker":"BW","created":"2026-05-12T20:00:00.174Z","tickers":["BW"],"exchange":"NYSE","article_body":"BW Investor Alert: Babcock & Wilcox Enterprises Securities Fraud Lawsuit -\nInvestors With Losses May Seek to Lead the Class Action After Defendants\nAllegedly Concealed Contract Risks: Levi & Korsinsky\n\nThe Red Flags: What Insiders Allegedly Knew Before Shareholders Did\n\nLevi & Korsinsky, LLP announces that a securities class action has been\nfiled against Babcock & Wilcox Enterprises, Inc. (NYSE: BW).\n\nYOU MAY BE AFFECTED IF YOU:\n\n\n * Purchased BW stock between November 5, 2025 and March 11, 2026\n\n * Lost money on your Babcock & Wilcox investment\n\nSubmit your information to recover losses\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fzlk.com%2Fcases%2Fbabcock-wilcox-enterprises-class-action-lawsuit-bw%3Fprid%3D185589%26wire%3D2&esheet=54533506&newsitemid=20260512384258&lan=en-US&anchor=Submit+your+information+to+recover+losses&index=1&md5=c9f9922d46ffd19736f6a3d2d5d13b6f)\nor contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com\n(mailto:jlevi@levikorsinsky.com) or (212) 363-7500.\n\nBW shares dropped $1.71 per share, or 11.59%, after a short seller exposed\nwhat the securities action alleges were undisclosed related-party ties\nembedded in a $2.4 billion contract that the Company had repeatedly promoted\nto investors. The lead plaintiff deadline is June 15, 2026.\n\nWhat They Allegedly Knew\n\nThe lawsuit contends that when the Company announced its Power Generation\nagreement in November 2025 and again upon full notice to proceed in March\n2026, management was aware that its largest shareholder, BRC, maintained an\nundisclosed relationship with the contract counterparty, Base Electron.\nSpecifically, the action claims that BRC's Co-CEO and Chairman Bryant Riley\nserved as a director of Base Electron, and that Base Electron's registered\naddress matched BRC's headquarters rather than Applied Digital's. Base\nElectron's articles of incorporation were not even filed until December 23,\n2025, seven weeks after the initial agreement was announced to investors.\n\nThe Red Flags That Emerged\n\nThe complaint chronicles warning signs that, as alleged, should have prompted\ndisclosure:\n\n\n * Applied Digital's existing data center campuses had already secured power\nthrough conventional grid agreements, raising questions about whether the\ncontract served a genuine commercial purpose\n\n * Applied Digital could unilaterally terminate its guarantee of Base Electron's\nobligations for as little as $50 million on a purportedly $2.4 billion deal\n\n * BRC sold its entire directly-held position in BW common stock for\napproximately $10.4 million at $9 per share, a 140% premium to the\npre-announcement price, shortly after the contract inflated the stock\n\n * Of the $2.4 billion headline figure, only approximately $434 million was a\nfixed fee, with the remainder contingent on variable charges the Company\ndeclined to detail for five additional weeks\n\nInside Knowledge vs. Public Statements\n\nWhile management promoted a \"$10 billion global pipeline\" and described the\nproject's impact as \"profound,\" the securities action alleges that internally,\nthe circumstances surrounding the transaction painted a different picture. As\npleaded, the counterparty was created weeks after the preliminary agreement,\nshared office space with BW's largest shareholder, and was directed in part by\nthat shareholder's Co-CEO. The filing states these facts were available to\nmanagement yet withheld from the investing public.\n\n\"The timeline raises important questions about when certain risks were known\ninternally versus when they were disclosed to the investing public,\" stated\nJoseph E. Levi, Esq.\n\nAct now to protect your rights\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fzlk.com%2Fcases%2Fbabcock-wilcox-enterprises-class-action-lawsuit-bw%3Fprid%3D185589%26wire%3D2&esheet=54533506&newsitemid=20260512384258&lan=en-US&anchor=Act+now+to+protect+your+rights&index=2&md5=91ae2359e9068b27f7c3b32fdf30742a)\nor call (212) 363-7500.\n\nAbout Levi & Korsinsky, LLP\n\nLevi & Korsinsky represents investors in securities class actions\nnationwide, with a track record of recovering hundreds of millions for\nshareholders harmed by alleged corporate concealment. Ranked among ISS Top 50\nfor seven consecutive years. Lead plaintiff applications must be submitted by\nJune 15, 2026.\n\nFrequently Asked Questions About the BW Lawsuit\n\nQ: When did Babcock & Wilcox allegedly mislead investors? A: The class\nperiod runs from November 5, 2025 to March 11, 2026. The alleged fraud was\nrevealed through corrective disclosures on March 12, 2026, causing an 11.59%\nstock decline.\n\nQ: What specific misstatements does the BW lawsuit allege? A: The complaint\nalleges Babcock & Wilcox made materially false or misleading statements\nregarding the legitimacy, value, and independence of a $2.4 billion power\ngeneration contract, while concealing related-party ties between its largest\nshareholder and the contract counterparty. When the true circumstances were\nrevealed, the stock price declined sharply.\n\nQ: What do BW investors need to do right now? A: Gather brokerage records\nincluding purchase dates, share quantities, and prices paid. Contact Levi\n& Korsinsky for a free, no-obligation evaluation at\njlevi@levikorsinsky.com (mailto:jlevi@levikorsinsky.com) or (212) 363-7500. No\nimmediate action is required to remain eligible as a class member.\n\nQ: What if I already sold my BW shares -- can I still recover losses? A: Yes.\nEligibility is based on when you purchased, not whether you still hold them.\nInvestors who bought during the class period and sold at a loss may still\nparticipate.\n\nQ: Do I need to go to court or give testimony? A: No. The overwhelming\nmajority of class members never appear in court or give depositions. You\nsubmit a claim form to receive your portion of recovery.\n\nQ: What does it cost me to participate? A: Nothing. Securities class actions\nare handled on a pure contingency basis. No upfront fees, no retainer, no\nout-of-pocket costs.\n\nQ: What if I missed the lead plaintiff deadline? A: The deadline applies only\nto investors seeking lead plaintiff appointment. Class members who miss it can\nstill participate in any settlement or recovery.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260512384258/en/\n(https://www.businesswire.com/news/home/20260512384258/en/)\n\nLevi & Korsinsky, LLP\n\nJoseph E. Levi, Esq.\n\nEd Korsinsky, Esq.\n\n33 Whitehall Street, 27th Floor\n\nNew York, NY 10004\n\njlevi@levikorsinsky.com \n(mailto:jlevi@levikorsinsky.com) \nTel: (212) 363-7500\n\nFax: (212) 363-7171\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-12T20:00:00.227147819Z","server_sent_at_ms":1778616000227},"received_at":"2026-05-12T20:00:00.452Z","source_url":"https://www.businesswire.com/news/home/20260512384258/en/"},"analysis":null,"durationMs":null,"modelName":null}}