Babcock & Wilcox Class Action Lawsuit

A class action lawsuit has been filed against Babcock & Wilcox>>> by Berger Montague>>> on behalf of investors. The lawsuit alleges that Babcock & Wilcox>>> misled investors about a power generation contract with Applied Digital>>>. The core of the allegations, brought to light by a Wolfpack Research>>> report, is that BRC Group Holdings>>>, Babcock & Wilcox>>>'s largest shareholder, had undisclosed ties to Applied Digital>>> and stood on both sides of the transaction. Furthermore, it is alleged that Applied Digital>>> did not require the services, casting doubt on the revenue recognition from the $1.5 billion contract. Following the Wolfpack Research>>> report on March 12, 2026, Babcock & Wilcox>>>'s stock price fell by 11.59%, causing substantial losses for investors.