Energy News / Shareholders Foundation, Inc.

NYSE:BE Shareholder Alert: Deadline on July 29, 2019 in Lawsuit Against Bloom Energy Corporation

Via: ReleaseWire

Updated 12:15 PM CDT, Mon, July 29,2019

A Deadline is coming up on July 29, 2019 in the lawsuit for certain investors in Bloom Energy Corporation (NYSE: BE) and NYSE: BE stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 07/29/2019 -- A deadline is coming up on July 29, 2019 in the lawsuit filed for certain investors in NYSE: BE shares over alleged securities laws violations by Bloom Energy.

Investors who purchased shares of Bloom Energy Corporation (NYSE: BE) have certain options and there are strict and short deadlines running. Deadline: July 29, 2019. NYSE: BE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Bloom Energy Corporation (NYSE: BE) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement was materially misleading as it failed to disclose known events and trends that were severely affecting the Company's business and that made investment in Bloom Energy significantly riskier than presented in the Registration Statement. In particular, the plaintiff alleges that the Registration Statement failed to disclose that the Company was experiencing material construction delays and that these construction delays would cause system deployments (or "acceptances" as Defendants referred to them) to fall significantly below even the low end of the Company's previously announced guidance.

The plaintiff says that while the Registration Statement purported to warn of risks that "may arise," which could materially affect the Company, in actuality these material negative events were already occurring and that as a result, the representations and purported risk disclosures were false and misleading because, by the time of the IPO, construction delays had already impacted or would soon impact Bloom Energy's ability to deliver acceptances in line with its guidance.

Those who purchased shares of Bloom Energy Corporation (NYSE: BE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysebe-shareholder-alert-deadline-on-july-29-2019-in-lawsuit-against-bloom-energy-corporation-1250648.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com