NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against PG&E Corp. & Encourages Investors w...
June 12 2018 - 3:37PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of PG&E Corporation ("PG&E" or the "Company")
(NYSE: PCG) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Bloomberg published an article on June 9,
2018, titled “PG&E May Face Criminal Charges After Probe of
Deadly Wildfires.” The article stated that the California
Department of Forestry and Fire Protection released findings on 12
wildfires that occurred in late 2017, indicating that they were
caused by PG&E equipment. These fires in Northern California
“killed 44 people, consumed thousands of homes and racked up an
estimated $10 billion in damages.” Bloomberg’s article continued to
say the State of California found “evidence of alleged violations
of law by PG&E.” Based on this news, shares of PG&E fell
over 4%, or $1.69, to close at $39.76 on June 11, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180612006417/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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