The settlement includes all persons who purchased common stock of BlueNRGY Group Limited f/k/a CBD Energy Limited during the period from June 13, 2014 through October 24, 2014.

March 29, 2018 - The court ordered the authorization of the distribution of the net settlement fund.

July 27, 2017 - The court approved the settlement and plan of allocation and entered the order approving the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.

April 20, 2017 - The court preliminarily approved the settlement.

April 14, 2017 - Parties filed a stipulation of settlement.

July 6, 2016 - The court granted in part and denied in part defendants' motions to dismiss.

February 19, 2016 - More defendants filed motions to dismiss.

October 30, 2015 - Defendants filed motions to dismiss.

August 13, 2015 - The lead plaintiff filed an amended complaint on behalf of investors who purchased CBD Energy Ltd (NASDAQ: CBDE) common shares between June 13, 2014 and October 24, 2014. The lead plaintiff alleges that the defendants violated the Securities Act of 1933 by issuing false and misleading statements between June 13, 2014 and October 24, 2014.

June 29, 2015 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

June 12, 2015 - The case was transferred from the U.S. District Court for the Eastern District of Texas to the U.S. District Court for the Southern District of Texas.

December 26, 2014 - A lead plaintiff motion was filed.

October 27, 2014 - An investor in shares of CBD Energy Ltd (NASDAQ: CBDE) filed a lawsuit in the U.S. District Court for the Eastern District of Texas against CBD Energy Ltd over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between June 12, 2014 and October 24, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of CBD Energy Ltd (NASDAQ: CBDE) common shares between June 12, 2014 and October 24, 2014, that the defendants violated Federal Securities Laws.

CBD Energy Ltd reported that its Total Revenue rose from $53.68 million for the 12 months period that ended on June 30, 2012 to $74.59 million for the 12 months period that ended on June 30, 2013 and that its respective Net Loss declined from $40.12 million to $12.26 million.

On October 24, 2014, CBD Energy Ltd announced that its previously issued audited financial statements for the fiscal years 2012 and 2013 and interim financial statements for the six months ended December 31, 2013 cannot be relied upon by investors.

According to CBD Energy Ltd, certain related-party transactions involving its Executive Chairman and Managing Director, Mr. McGowan, were not accurately disclosed in its financial statements.

CBD Energy Ltd said that its the Audit Committee determined that the interim financial statements as of and for the six months ended December 31, 2013 should no longer be relied on because of uncertainty about any expectation of realizing full (or any) value of a deposit of approximately $680,000 made in December, about the adequacy of disclosures regarding goodwill and the possibility of recognizing an impairment, about the capitalization of certain payments related to the costs of issuing retail bonds in the United Kingdom, and about classification of certain expenses.

Shares of CBD Energy Ltd (NASDAQ: CBDE) closed on October 27, 2014, at $1.25 per share.