Rosen Law says it filed Bloom Energy securities class action
Rosen Law Firm says it filed a class action on behalf of Bloom Energy investors over alleged securities fraud tied to scandium sourcing.
Rosen Law Firm says it has filed a class action lawsuit on behalf of purchasers of Bloom Energy Corp. securities during a class period from Feb. 27, 2025, through July 8, 2026.
The notice says investors were misled about Bloom Energy's use of scandium and its reliance on supply sourced from China. It says investors who bought shares during the period may seek to serve as lead plaintiff, with a court deadline of Sept. 28, 2026.
According to the notice, the suit alleges Bloom Energy obtained scandium through intermediaries that sourced the metal from China, and that the company understated how much it relied on scandium from China. The notice also says Bloom Energy made positive statements about its business, operations and prospects that were materially misleading or lacked a reasonable basis.
The notice says the class action has already been filed. It says investors who purchased Bloom Energy securities during the class period may be entitled to compensation without out-of-pocket fees or costs through a contingency fee arrangement.
Rosen Law Firm describes itself in the notice as a global investor rights law firm focused on securities class actions and shareholder derivative litigation. The firm says interested investors can join the action through its website or contact Phillip Kim, Esq. by phone or email.
The notice says investors suffered damages when the true details entered the market. No court ruling was included in the brief, and the allegations have not been proven.
The lead-plaintiff deadline listed in the notice is Sept. 28, 2026.
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