Globe Newswire 14-Jun-2019 4:32 PM
NEW YORK, June 14, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Bloom Energy Corporation (NYSE:BE) pursuant and/or traceable to Bloom Energy's false and/or misleading registration statement and prospectus (collectively, the "Registration Statement") issued in connection with Bloom Energy's initial public offering completed in July 2018 (the "IPO"). The lawsuit seeks to recover damages for Bloom Energy investors under the federal securities laws.
To join the Bloom Energy class action, go to http://pawarlawgroup.com/cases/bloom-energy-corporation/ or to discuss your rights or interests regarding this class action, or call Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at email@example.com.
According to the lawsuit, the Registration Statement was false and/or contained misleading statements and/or failed to disclose that: (1) Bloom Energy was experiencing material construction delays that would cause system deployments to fall significantly, even below the low end of Bloom Energy's previously announced guidance; and (2) as a result of the foregoing, defendants' positive statements in the Registration Statement about Bloom Energy's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages as Bloom Energy's securities are currently trading significantly below the IPO price.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 29, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
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