PATTERN SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Exces...
December 09 2016 - 10:50PM
Business Wire
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 shares 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 transactions, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161209005798/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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