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Investigation announced for NYSE: BE Investors over possible Wrongdoing at Bloom Energy Corporation

03-05-2020 04:17 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Bloom Energy Corporation (NYSE: BE) shares.

An investigation on behalf of current long term investors in Bloom Energy Corporation (NYSE: BE) shares.

Certain directors of Bloom Energy Corporation are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Bloom Energy Corporation (NYSE: BE) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: BE stocks follows a lawsuit filed against Bloom Energy Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BE stocks, concerns whether certain Bloom Energy Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants in the Registration Statement that was issued in connection with Bloom's July 2018 initial public stock offering and between July 26, 2018 and September 16, 2019 made false and/or misleading statements and/or failed to disclose that Bloom's technology produced emissions comparable to that a modern natural gas plant, that Bloom's estimates of useful life for its energy servers and fuel cells were inaccurate, that Bloom used misleading accounting to mask the effect of future servicing expenses, that consequently, Bloom will potentially be liable for up to $2.2 billion in undisclosed servicing liabilities, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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