FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of BE, JMIA and HL

CEDARHURST, NY / ACCESSWIRE / June 6, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No classes have yet been certified in the actions below. Appointment as lead plaintiff is not required to partake in any recovery.

Bloom Energy Corporation (BE)

Investors Affected : on behalf of all persons who purchased or otherwise acquired Bloom Energy common stock pursuant or traceable to Bloom Energy's July 2018 IPO.

A class action has commenced on behalf of certain shareholders in Bloom Energy Corporation. The complaint alleges that Bloom Energy's Registration Statement was materially misleading as it failed to disclose known events and trends that were severely affecting the Company's business and that made investment in Bloom Energy significantly riskier than presented in the Registration Statement. In particular, the Registration Statement failed to disclose that the Company was experiencing material construction delays. These construction delays would cause system deployments (or "acceptances" as Defendants referred to them) to fall significantly below even the low end of the Company's previously announced guidance.

While the Registration Statement purported to warn of risks that "may arise," which could materially affect the Company, in actuality these material negative events were already occurring. As a result, the representations and purported risk disclosures were false and misleading because, by the time of the IPO, construction delays had already impacted or would soon impact Bloom Energy's ability to deliver acceptances in line with its guidance.

Shareholders may find more information at https://kclasslaw.com/securities/bloom-energy-corporation-loss-submission-form/?id=1844&from=1

Jumia Technologies AG (JMIA)

Investors Affected : Purchasers of American Depositary Shares between April 12, 2019 and May 9, 2019

A class action has commenced on behalf of certain shareholders in Jumia Technologies AG. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Jumia had materially overstated its active customers and active merchants; (b) Jumia's representations about its orders, order cancellations, undelivered orders and returned orders lacked a sufficient factual basis and materially overstated the Company's sales; (c) Jumia failed to sufficiently disclose related party transactions; and (d) Jumia's financial statements were presented in violation of applicable accounting standards.

Shareholders may find more information at https://kclasslaw.com/securities/jumia-technologies-ag-loss-submission-form/?id=1844&from=1

Hecla Mining Company (HL)

Investors Affected : March 19, 2018 - May 8, 2019

A class action has commenced on behalf of certain shareholders in Hecla Mining Company. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the Nevada operations were hemorrhaging cash due to a multitude of material problems identified by Defendants during Hecla's extensive due diligence of the Nevada mines before the Class Period, and (b) as a result of these material problems, Defendants had no reasonable basis for their representations that the Nevada operations would be in a position to have positive or self-funding cash flow.

Shareholders may find more information at https://kclasslaw.com/securities/hecla-mining-company-loss-submission-form/?id=1844&from=1