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BE.US

id: 533

Bloom Energy (BE) $3M IPO Settlement

The settlement funds have been distributed to claimants.

$3,000,000

Cash Settlement

N.D. California

Court

4:19-cv-02935

Case number

07/25/2018

Class period Start

03/31/2020

Class period End

03/29/2024

Claim deadline

Bloom Energy Corporation (BE) agreed to settle $3 million to end further litigation over IPO in 2018.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management,

Investment Bank,

Service Provider

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.04

Filing date

05/28/2019

Lead Plaintiff Deadline

07/27/2019

Plaintiffs

James Everett Hunt, Juan Rodriguez, Kurt Voutaz, Joel White, Andrew Austin, Ryan Fishman

Attorneys

Hagens Berman Sobol Shapiro LLP (Berkeley, CA), Levi & Korsinsky, LLP (San Francisco, CA)

Defendants

KR Sridhar, Randy Furr, L. John Doerr, Scott Sandell, Eddy Zervigon, Colin L. Powell, Peter Teti, Mary K. Bush, Kelly A. Ayotte,

Judge

Hon. Haywood S. Gilliam, Jr.

Settlement agreement date

2023-06-30

Trades matching type

FIFO

Disbursement date

05/16/2025

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