openPR Logo
Press release

Lawsuit filed for Investors in shares of PG&E Corporation (NYSE: PCG)

11-04-2019 10:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in PG&E Corporation (NYSE: PCG) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in PG&E Corporation (NYSE: PCG) shares over alleged securities laws violations.

An investor, who purchased shares of PG&E Corporation (NYSE: PCG), filed a lawsuit over alleged violations of Federal Securities Laws by PG&E Corporation in connection with certain allegedly false and misleading statements made between December 11, 2018, and October 11, 2019.

Investors who purchased shares of PG&E Corporation (NYSE: PCG), you have certain options and for certain investors are short and strict deadlines running. Deadline: December 24, 2019.NYSE: PCG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 29, 2019, PG&E filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of California. The Chapter 11 petition followed in the wake of multiple high-profile lawsuits against PG&E related to widely publicized and catastrophic wildfire incidents that occurred in California in 2015, 2017, and 2018. The incidents were faulted to PG&E, whose alleged misconduct apparently caused the Company’s equipment to ignite the wildfires. PG&E is facing $30 billion in liabilities in connection with the wildfires.

On October 12, 2019, an article was published reporting on PG&E’s efforts to deal with the rolling power cuts it had implemented in California aimed at minimizing wildfire risk. The article reported, among other issues, that “PG&E’s communications and computer systems faltered, and its website went down as customers tried to find out whether they would be cut off or spared.” According to the article, “[a]s the company struggled to tell people what areas would be affected and when chaos and confusion unspooled outside. Roads and businesses went dark without warning, nursing homes and other critical services scrambled to find backup power and even government agencies calling the company were put on hold for hours.”

On October 23, 2019, it was reported that as a last resort to prevent additional wildfires PG&E began shutting off power to 179,000 homes and businesses in 17 northern and central California counties.

The plaintiff claims that between December 11, 2018, and October 11, 2019, the defendants made false and/or misleading statements and/or failed to disclose that PG&E’s purportedly enhanced wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed, that as a result, PG&E was unprepared for the rolling power cuts the Company implemented to minimize wildfire risk, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of PG&E Corporation (NYSE: PCG) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in shares of PG&E Corporation (NYSE: PCG) here

News-ID: 1860916 • Views:

More Releases from Shareholders Foundation

ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly NASDAQ: SINA)
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made. If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: FLR) should contact the Shareholders Foundation
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements. Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp. (NYSE: SOC)
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp. Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc. (NASDAQ: LNTH)
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com

All 5 Releases


More Releases for PG&E

Gas Shutoff Devices Market Technology advancements, Growth and Industry Outlook …
Global Gas Shutoff Devices Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Gas Shutoff Devices market size, demand and revenue. The current Gas Shutoff Devices market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and
Gas Shutoff Devices Market Growth, Projections, Analysis, Trends and Forecast 20 …
The report titled Global Gas Shutoff Devices Market is one of the most comprehensive and important additions to QY Research’s archive of market research studies. It offers detailed research and analysis of key aspects of the global Gas Shutoff Devices market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global Gas Shutoff
Global Vehicle-to-Grid (V2G) Market 2025 - AC Propulsion, Corinex, Coritech, EnB …
In the recently published report, SNR Research has provided a unique insight into the global Vehicle-to-Grid (V2G) market for the forecasted period of 7-years (2018-2025). The report has covered the significant aspects that are contributing to the growth of the global Vehicle-to-Grid (V2G) market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting the global Vehicle-to-Grid
Gas Shutoff Devices Market 2018 Size, Shares | Global Industry Revenue by Top Ke …
Gas Shutoff Devices Market 2018 which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that the market for Gas Shutoff Devices would rise at a positive CAGR during the period 2018-2025. The key players across the industry adopted expansion and mergers & acquisition as their strategy in order to increase their reach and consumer
E Liquid Market Report 2018: Segmentation by Base Type (PG (Propylene Glycol), V …
Global E Liquid market research report provides company profile for Black Note, Halo, VistaVapors, Inc., Mt Baker Vapor, ZampleBox, LLC, eLiquid Factory, VMR Products LLC, VaporFi, Inc, Mig Vapor LLC and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the
PAI PG Fest 2011 - First PAI Paragliding Festival
The Paragliding Association of India is proud to announce the First PAI Paragliding Festival - 'PG Fest 2011'. This high energy, entertaining flying event will be held at Shelar Hills in Karanjgaon Village at Kamshet, 110 km from Mumbai (Bombay) city near the famous hill station – Lonavala, from 06-08 May 2011. The event is aimed at bringing the Indian PG community together and also to promote the sport in