Bloom Energy Gets $3 Million Class Settlement Over IPO Finalized

A plan by Bloom Energy Corp., its leadership, and underwriters to pay $3 million to settle an investor class suit over its initial public offering documents merits final approval, a federal court ruled.

Only four class members opted out of the deal, and there were no objections, Judge Haywood S. Gilliam Jr. said Monday for the US District Court for the Northern District of California.

• Gilliam approved attorneys’ fees of $900,000, or 30% of the settlement fund, for class counsel
• The defendants misrepresented or omitted key information in the IPO registration statement, including that the fuel cell company was ...