Lawsuit Overview
August 30, 2016 - The court granted defendants' motion to dismiss and entered a judgement in favor of defendants.
January 15, 2016 - Defendants filed a motion to dismiss.
November 30, 2015 - The lead plaintiff filed an amended complaint.
November 3, 2015 - The court granted defendants motion to dismiss with leave to amend.
May 4, 2015 - Defendants filed a motion to dismiss.
March 13, 2015 - The lead plaintiff filed an amended complaint.
January 21, 2015 - Lead plaintiff and lead counsel were appointed.
December 23, 2014 - A lead plaintiff motion was filed.
October 24, 2014 - An investor in shares of Blue Earth Inc (NASDAQ: BBLU) filed a lawsuit in the U.S. District Court for the Central District of California against Blue Earth Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 7, 2013 and October 21, 2014.
According to the complaint the plaintiff alleges on behalf of purchasers of Blue Earth Inc (NASDAQ: BBLU) common shares between October 7, 2013 and October 21, 2014, that the defendants violated Federal Securities Laws.
Blue Earth Inc reported that its annual Total Revenue rose from $4.91 million in 2011 to $10.31 million in 2013 while its Net Loss increased from $14.00 million in 2011 to $25.47 million in 2013. Shares of Blue Earth Inc (NASDAQ: BBLU) grew from $0.95 per share in March 2013 to as high as $3.77 per share in September 2014.
Then on October 21, 2014 an analyst report disclosed that there is evidence of a current law enforcement investigation of Blue Earth Inc, that Blue Earth Inc has engaged stock promoters who have improperly touted its stock, and that there are multiple red flags regarding Blue Earth Inc’s past and present auditors.
Shares of Blue Earth Inc (NASDAQ: BBLU) declined from $3.77 per share in late September 2014 to as low as $1.00 per share on October 21, 2014.