Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Blue Earth Inc.

WAYNE, Pa., Nov. 5, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in United States District Court for the Central District of California on behalf of investors who purchased or otherwise acquired the securities of Blue Earth Inc. ("Blue Earth" or the "Company") BBLU during the period from October 7, 2013 through October 21, 2014 (the "Class Period").

Blue Earth shareholders may, no later than December 23, 2014, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of Blue Earth and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/bblu.

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, Blue Earth overstated the market potential of its UltraPower Stealth Battery Backup System ("UPStealth") products.  On October 21, 2014, an article published on www.SeekingAlpha.com alleged that UPStealth is not viable and is essentially worthless.  Following this news, the price of Blue Earth stock declined by $1.29 per share, or 50%, to close on October 21, 2014 at $1.29 per share.

If you are a member of the class, you may, no later than December 23, 2014, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:  Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/bblu 

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SOURCE Ryan & Maniskas, LLP