EQUITY ALERT: Rosen Law Firm Reminds Blue Earth, I
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NEW YORK, Dec. 11, 2014 (GLOBE NEWSWIRE) -- Rosen Law Firm reminds purchasers of Blue Earth Inc. (Nasdaq: BBLU ) common stock between October 7, 2013 and October 21, 2014, inclusive of the important December 23, 2014 lead plaintiff deadline in the class action filed by the firm.
To join the Blue Earth class action, go to the website at http://rosenlegal.com/cases-406.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The suit is pending in U.S. District Court for the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Blue Earth issued materially false and misleading financial information because the Company overstated the market potential of its UPStealth products. On October 21, 2014 a financial blog published a report on Blue Earth, which asserted, among other things, that the potential market for Blue Earth's UPStealth product was unviable. The blog also revealed numerous red flags of potential fraud. On this news, shares of Blue Earth fell over 50% on October 21, 2014, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2014. If you wish to join the litigation go to http://rosenlegal.com/cases-406.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com .
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 www.rosenlegal.com
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