Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_19-cv-02935/USCOURTS-cand-4_19-cv-02935-3/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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STIPULATION AND ORDER REGARDING SCHEDULE

CASE NO. 4:19-CV-02935-HSG 

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LEVI & KORSINSKY, LLP 

Adam M. Apton (SBN 316506)

Adam C. McCall (SBN 302130)

388 Market Street, Suite 1300

San Francisco, CA 94111 

Tel : 415-373-1671 

Fax : 415-484-1294 

aapton@zlk.com

amccall@zlk.com

Attorneys for Lead Plaintiff and the Class 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

ELISSA M. ROBERTS, Individually and on 

Behalf of All Others Similarly Situated, 

Plaintiff, 

vs. 

BLOOM ENERGY CORPORATION, et al., 

Defendants. 

Lead Case No. 4:19-cv-02935-HSG 

CLASS ACTION

STIPULATION AND ORDER 

REGARDING SCHEDULE FOR 

AMENDING COMPLAINT AND

DEFENDANTS’ RESPONSE

Assigned to: Hon. Haywood S. Gilliam, Jr.

Pursuant to Civil Local Rule 7-12, the parties to this action stipulate to and respectfully request 

the Court to enter the schedule below regarding amendment of the current complaint and responses 

thereto in light of certain recent developments. 

WHEREAS: 

1. On May 28, 2019, plaintiff Elissa M. Roberts filed a federal securities class action

against defendants Bloom Energy Corporation, KR Sridhar, Randy Furr, L. John Doerr, Scott Sandell, 

Eddy Zervigon, Colin L. Powell, Peter Teti and Mary K. Bush and Kelly A. Ayotte (collectively, the 

“Defendants”) (ECF No. 1). 

2. On September 3, 2019, following the briefing of lead plaintiff motions, the Hon.

William H. Orrick appointed James Everett Hunt as Lead Plaintiff (“Plaintiff”) and Levi & Korsinsky, 

Case 4:19-cv-02935-HSG Document 110 Filed 03/10/20 Page 1 of 6
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STIPULATION AND ORDER REGARDING SCHEDULE

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LLP as Lead Counsel (ECF No. 39). 

3. On November 4, 2019, Plaintiff filed the Amended Complaint for Violations of the

Federal Securities Laws (the “Amended Complaint”) (ECF No. 49). Plaintiff’s Amended Complaint 

alleges violations of the federal securities laws under Sections 11 and 15 of the Securities Act of 1933 

and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and names, in addition to the 

original Defendants, the following entities as additional defendants in a claim under Section 11 of the 

Securities Act of 1933: J.P. Morgan Securities, LLC, Morgan Stanley & Co. LLC, Credit Suisse 

Securities (USA) LLC, KeyBanc Capital Markets Inc., Merrill Lynch, Pierce, Fenner & Smith 

Incorporated, Cowen & Company, LLC, HSBC Securities (USA) Inc., Oppenheimer & Co. Inc., 

Raymond James & Associates, Inc., and Robert W. Baird & Co. Incorporated (the “Underwriter 

Defendants”). 

4. Plaintiff alleges that Defendants and the Underwriter Defendants violated the abovecited federal securities laws between July 25, 2018, the date of Bloom Energy’s initial public offering, 

and September 16, 2019. The Class Period in the Amended Complaint is July 25, 2018 through and 

including September 16, 2019. 

5. Defendants and the Underwriter Defendants have not yet responded to Plaintiff’s

Amended Complaint. Pursuant to the parties’ December 27, 2019 scheduling stipulation (Dkt. No. 

101) and the Court’s December 30, 2019 order granting that stipulation (Dkt. No. 102), Plaintiff is

required to advise Defendants within 14 days of receiving a decision on his Motion to Limit Scope of

Confidentiality Agreement (ECF No. 44) whether he will amend the Amended Complaint or stand on

the current Amended Complaint. Also pursuant to the stipulation and related order, when Plaintiff so

advises Defendants, this will trigger obligations on the part of Plaintiff to amend the Amended

Complaint or Defendants and the Underwriter Defendants to respond to the Amended Complaint

within specified periods.

6. The Court heard argument on Plaintiff’s Motion to Limit Scope of Confidentiality

Agreement on February 13, 2020 and has taken the matter under submission. 

7. On February 12, 2020, Bloom Energy issued a press release providing an update on the

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timing of its fourth quarter and full year 2019 earnings report and announcing that it will restate its 

financial statements for certain periods when it issues its Form 10-K on or before March 16, 2020. 

8. Plaintiff has informed the Defendants and Underwriter Defendants that it intends to

amend the Amended Complaint to include the information in Bloom Energy’s Form 8-K and 

information to be disclosed by Bloom Energy in its March 2020 Form 10-K relating to inter alia

Bloom Energy’s restatement of financial statements. 

IT IS THEREFORE STIPULATED AND AGREED by Plaintiff, Defendants, and the 

Underwriter Defendants that, subject to the Court’s approval: 

1. The parties’ December 27, 2019 scheduling stipulation (Dkt No. 101) and the Court’s

December 30, 2019 order granting that stipulation (Dkt No. 102) are vacated, and

Plaintiff’s obligation to file a further amended complaint and the Defendants’ and

Underwriter Defendants’ obligation to respond to any of Plaintiff’s complaints are

instead governed by the following provisions:

2. Plaintiff will file a Second Amended Complaint within 14 days of Bloom Energy’s

forthcoming annual report on Form 10-K, which is expected to be released on or before

March 16, 2020;

3. Defendants and the Underwriter Defendants will either answer the Second Amended

Complaint or move to dismiss 45 days after the date on which Plaintiff files the Second

Amended Complaint;

4. If Defendants and the Underwriter Defendants move to dismiss the Second Amended

Complaint, Plaintiff will oppose the motions 45 days after the motions are filed; and

Defendants and the Underwriter Defendants will submit replies in further support of the

motions 30 days after Plaintiff files his opposition.

IT IS SO STIPULATED.

Date: March 9, 2020 By: /s/ Adam M. Apton

Adam M. Apton (SBN 316506) 

aapton@zlk.com 

Adam C. McCall (SBN 302130) 

amccall@zlk.com 

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STIPULATION AND ORDER REGARDING SCHEDULE

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LEVI & KORSINSKY, LLP 

388 Market Street, Suite 1300 

San Francisco, CA 94111 

Tel : 415-373-1671 

Fax : 415-484-1294 

Nicholas I. Porritt (admitted pro hac vice) 

nporritt@zlk.com 

LEVI & KORSINSKY, LLP 

1101 30th Street N.W., Suite 115 

Washington, D.C. 20009 

Attorneys for Lead Plaintiff 

and Lead Counsel for the Class 

Date: March 9, 2020 By: /s/ Sara B. Brody

 Sara B. Brody (SBN 130222) 

 sbrody@sidley.com 

 SIDLEY AUSTIN LLP 

 555 California Street, Suite 2000 

San Francisco, CA 94104 

Telephone: 415-772-1279 

Matthew J. Dolan (SBN 291150) 

mdolan@sidley.com 

SIDLEY AUSTIN LLP 

1001 Page Mill Road, Building 1 

Palo Alto, CA 94304 

Telephone: 650-565-7106 

Robin Wechkin (admitted pro hac vice)

rwechkin@sidley.com 

 SIDLEY AUSTIN LLP 

 1420 Fifth Avenue, Suite 1400 

 Seattle, WA 98101 

 Telephone: 415-439-1799 

 Attorneys for the Bloom Energy Defendants 

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STIPULATION AND ORDER REGARDING SCHEDULE

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Date: March 9, 2020 By: /s/ Carlene S. Shimada

 Charlene S. Shimada 

 charlene.shimada@morganlewis.com 

 Morgan Lewis & Bockius, LLP 

 One Market, Spear Street Tower 

 San Francisco, California 94105 

 Telephone: 415-442-1475 

 Attorneys for the Underwriter Defendants

 J.P. Morgan Securities, LLC, Morgan 

Stanley & Co. LLC, Credit Suisse Securities 

(USA) LLC, KeyBanc Capital Markets Inc., 

Merrill Lynch, Pierce, Fenner & Smith 

Incorporated, Cowen & Company, LLC, 

HSBC Securities (USA) Inc., Oppenheimer 

& Co. Inc., Raymond James & Associates, 

Inc., and Robert W. Baird & Co. 

Incorporated 

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STIPULATION AND ORDER REGARDING SCHEDULE

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ORDER 

Pursuant to the parties’ stipulation, and for good cause shown, IT IS SO ORDERED that:

1. The parties’ previous scheduling stipulation (Dkt. No. 101) and the Court’s order

granting that stipulation (Dkt. No. 102) are hereby VACATED;

2. Plaintiff will file a Second Amended Complaint within 14 days of Bloom Energy’s

forthcoming annual report on Form 10-K, which is expected to be released on or before

March 16, 2020;

3. Defendants and the Underwriter Defendants will either answer the Second Amended

Complaint or move to dismiss 45 days after the date on which Plaintiff files the Second

Amended Complaint;

4. If Defendants and the Underwriter Defendants move to dismiss the Second Amended

Complaint, Plaintiff will oppose the motions 45 days after the motions are filed; and

Defendants and the Underwriter Defendants will submit replies in further support of

the motions 30 days after Plaintiff files his opposition.

DATED: 3/10/2020 By:

Hon. Haywood S. Gilliam, Jr. 

United States District Judge

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