NEW ORLEANS, Nov. 25, 2016 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until January 10, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against Pattern Energy Group, Inc. (NasdaqGS: PEGI), if
they purchased the Company's securities in the equity offering at
$23.90 announced on August 8-9, 2016 and that closed on August 12, 2016, or between May 9, 2016 and November
4, 2016, inclusive (the "Class Period"). This action
is pending in the United States District Court for the Northern
District of California.
What You May Do
If you purchased shares of Pattern and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by January 10,
2017.
About the Lawsuit
Pattern and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On November 7, 2016, Pattern
announced its third quarter 2016 financial results and disclosed a
material weakness in internal controls over financial
reporting. Pattern stated that its internal controls were
"not effective as of September 30,
2016, due to the aggregation of internal control
deficiencies related to the implementation, design, maintenance and
operating effectiveness of various transaction, process level, and
monitoring controls."
On this news, the price of Pattern's shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC