Welcome to the Bloom Energy Class Action Securities Settlement Website.

The Hearing date has changed, and is now scheduled for May 2, 2024.

Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the Northern District of California (the “Court”), if you purchased or otherwise acquired common shares of Bloom Energy Corporation (“Bloom”) from July 25, 2018, to March 31, 2020, inclusive.

There is a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that Defendants Bloom Energy Corporation violated federal securities laws by making false and misleading statements and/or concealing material adverse effects. All persons and entities that purchased or otherwise acquired Bloom Energy Corporation's publicly traded common stock either pursuant and/or traceable to the Registration Statement for Bloom's IPO or on the open market between July 25, 2018, and March 31, 2020, and were damaged thereby may be a part of the Settlement Class .

NOTICE OF SETTLEMENT: Please also be advised that Plaintiff James Everett Hunt (“Lead Plaintiff”) and additional plaintiffs Juan Rodriguez, Kurt Voutaz, Joel White, Andrew Austin, and Ryan Fishman (together with Lead Plaintiff, “Plaintiffs”), on behalf of themselves and the Settlement Class (as defined in FAQ 4), have reached a proposed settlement of the Action for $3,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

The Frequently Asked Questions page of this website has more information on your rights as a Member of the Settlement Classes in this Action.


Your Legal Rights and Options in This Lawsuit
Submit a Claim Form

The only way to be eligible to receive a payment from the Settlement Fund. The Claim Form must have adequate documentation and be postmarked or submitted by email no later than March 29, 2024.

If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Claims that you have against Settling Defendants and the other Released Defendants’ Persons, so it is in your interest to submit a Claim Form.

Exclude Yourself

Exclude yourself from the Settlement Class by submitting a written request for exclusion so that it is received no later than March 18, 2024.

If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Settling Defendants or the other Released Defendants’ Persons concerning the Released Claims.
Object

Object to the Settlement by submitting a written objection so that it is received no later than March 18, 2024.

If you do not like the proposed Settlement, the proposed Plan of Allocation, the request for attorneys’ fees and reimbursement of Litigation Expenses, or the proposed award to Plaintiffs you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and do not exclude yourself from the Settlement Class.

Go to a Hearing

Go to a Hearing on May 2, 2024, at 2:00 p.m. and file a notice of intention to appear so that it is received no later than March 18, 2024.

Filing a written objection and notice of intention to appear by March 18, 2024, allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, the request for attorneys’ fees and reimbursement of Litigation Expenses, and/or award to Plaintiffs. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
Do Nothing If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.

Current Status

On October 31, 2023, the Court preliminarily approved the Settlement, and authorized Notice to be disseminated to potential Settlement Class Members. The Settlement Hearing is scheduled for May 2, 2024, at 2:00 p.m. to consider whether to grant final approval to the Settlement. The Court Approved the Case During the Settlement Fairness Hearing on May 2, 2024.


Important Dates
  • July 25, 2018 - March 31, 2020
    Class Period
  • March 29, 2024
    Deadline to Submit a Proof of Claim
  • March 18, 2024
    Deadline to Exclude Yourself from the Settlement
  • March 18, 2024
    Deadline to Object to the Settlement


Start Your Claim