Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_19-cv-02935/USCOURTS-cand-4_19-cv-02935-4/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 [PROPOSED] 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 [PROPOSED] 

ORDER REGARDING SCHEDULE FOR 

AMENDED 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, 

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STIPULATION AND [PROPOSED] 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. On February 12, 2020, prior to Defendants responding to Plaintiff’s Amended 

Complaint, Bloom Energy issued a press release providing an update on the 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. 

5. Following Bloom Energy’s announcement, Plaintiff notified Defendants that he 

intended to amend the Amended Complaint once Bloom Energy released the Form 10-K. The parties 

stipulated to a briefing schedule whereby Plaintiff would file the amended complaint 14 days after the 

release of the Form 10-K and then Defendants would respond to the amended complaint 45 days 

thereafter. The Court entered the stipulation on March 10, 2020 (ECF No. 110). 

6. Bloom Energy released the Form 10-K on March 31, 2020, thereby requiring Plaintiff 

to file the amended complaint on April 14, 2020. Plaintiff respectfully requests an additional week to 

file the amended complaint, and that all other remaining deadlines be extended likewise. Defendants 

do not oppose Plaintiff’s request. 

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

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

1. Plaintiff will file a Second Amended Complaint on or before April 21, 2020; 

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

Complaint or move to dismiss on or before June 5, 2020; 

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

Complaint, Plaintiff will oppose the motions on or before July 20, 2020; and Defendants 

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

or before August 19, 2020. 

IT IS SO STIPULATED.

Date: April 14, 2020 By: /s/ Adam M. Apton 

Adam M. Apton (SBN 316506) 

aapton@zlk.com 

Adam C. McCall (SBN 302130) 

amccall@zlk.com 

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: April 14, 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 

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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 

Date: April 14, 2020 By: /s/ Charlene 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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[PROPOSED] ORDER 

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

1. Plaintiff will file a Second Amended Complaint on or before April 21, 2020; 

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

Complaint or move to dismiss on or before June 5, 2020; 

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

Complaint, Plaintiff will oppose the motions on or before July 20, 2020; and 

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

the motions on or before August 19, 2020. 

DATED: ______________, 2020 By: 

Hon. Haywood S. Gilliam, Jr. 

United States District Judge

 

4/15/2020

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