An investigation on behalf of current long term investors in Bloom Energy Corporation (NYSE: BE) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/09/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain Bloom Energy directors.
Investors who are current long term investors in Bloom Energy Corporation (NYSE: BE) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for 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 directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges 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.
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