Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Blue Earth, Inc. (BBLU) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Blue Earth, Inc. (“Blue Earth” or the “Company”) (NASDAQ: BBLU) of the December 23, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Blue Earth and certain executives.
A complaint has been filed in the United States District Court for the Central District of California on behalf of all persons who purchased Blue Earth common stock between October 7, 2013 and October 21, 2014 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, Blue Earth overstated the market potential of its UltraPower Stealth Battery Backup System (“UPStealth”) products.
On October 21, 2014, an article published on www.SeekingAlpha.com alleged that UPStealth is not viable and is essentially worthless.
Following this news, the price of Blue Earth stock declined by $1.29 per share, or 50%, to close on October 21, 2014 at $1.29 per share.
If you invested in Blue Earth common stock between October 7, 2013 and October 21, 2014, and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Blue Earth’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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