PHILADELPHIA, June 11, 2018 /PRNewswire/ -- Kehoe Law
Firm, P.C. is investigating claims on behalf of investors of
PG&E Corporation (NYSE: PCG) to determine whether PG&E and
certain of its officers and/or directors engaged in securities
fraud or other unlawful business practices.
On June 8, 2018, the California
Department of Forestry and Fire Protection released its
investigation relating to certain of the fires that ravaged
Mendocino, Humboldt, Butte, Sonoma, Lake
and Napa counties in
2017. According to state officials many of the fires were
started by PG&E power lines and utility poles. In eight fires
there was "evidence of alleged violations of state law" by the
utility and those cases have been referred to county prosecutors
for review, according to the forestry department. The blazes
were part of one of the deadliest series of wildfires in
California history, which killed
44 people, destroyed 8,800 structures and forced more than 100,000
people to evacuate. About 11,000 firefighters from 17 states and
Australia helped battle the
blazes.
On this news concerning the release of the Department of
Forestry investigation, PG&E's share price fell $1.69, or 4%, to close at $39.76 on June 11,
2018.
PG&E Shareholders and Investors: If you purchased
PG&E stock between June 8, 2013
and June 8, 2018, inclusive, and have
questions or concerns about your potential legal rights, please
contact John Kehoe, Esq., (215)
792-6676, Ext. 801, jkehoe@kehoelawfirm.com or e-mail
info@kehoelawfirm.com.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law
firm dedicated to protecting investors and consumers from corporate
fraud, negligence, and other wrongdoing.
CONTACT: John A. Kehoe,
Esq., Kehoe Law Firm, P.C.
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SOURCE Kehoe Law Firm, P.C.