Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Bloom Energy Corp (BE) Class Action Lawsuit (May 2019)

Closed

24-3568 • May 28, 2019

Class Period Start

July 25, 2018

Class Period End

June 29, 2020

PSLRA Deadline

July 29, 2019

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

Jul 25, 2021

Sec11 Statutes of Repose

Jul 25, 2021

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

March 29, 2024

Settlement Fund

$3,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired common shares of Bloom Energy Corporation (“Bloom”) from July 25, 2018 to March 31, 2020, inclusive.

Claim Administrator

Epiq
Bloom Securities Litigation P.O. Box 2230 Portland, OR 97208-2230
+1 844-334-1078
[email protected]

Hearing Date

May 2, 2024

Opt-out Deadline

March 18, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Apr 14, 2025

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jun 6, 2024

On Appeal

May 6, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Nov 30, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Oct 31, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jun 30, 2023

Proposed Settlement

May 2, 2022

Scheduling Order

Mar 18, 2022

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Jan 5, 2022

Scheduling Order

Sep 29, 2021

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

Jul 1, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jul 1, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jul 1, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

May 18, 2020

Scheduling Order

Apr 21, 2020

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in Bloom Energy Corp. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 15, 2020

Scheduling Order

Mar 10, 2020

Scheduling Order

Nov 4, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Bloom Energy Corp. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Nov 4, 2019

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Bloom Energy Corp. The allegations and class definitions are substantively the same.

Sep 30, 2019

Scheduling Order

Sep 3, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 29, 2019

Scheduling Order

May 28, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Bloom Energy Corp.

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