NEW YORK, Jan. 17, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of General Electric Company ("GE" or the "Company") (GE). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ge.
The investigation concerns whether GE and certain of its officers and/or directors have violated Sections federal securities laws.
On January 16, 2018, GE announced that "the comprehensive review and reserve testing for GE Capital's run-off insurance portfolio, North American Life & Health (NALH), will result in an after-tax GAAP charge of $6.2 billion for the fourth quarter of 2017." The Company further advised investors that "GE Capital expects to make statutory reserve contributions of ~$15 billion over seven years" and will suspend its dividend to GE for the "foreseeable future." On this news, GE's share price has fallen sharply during intraday trading on January 16, 2018.
If you are aware of any facts relating to this investigation, or purchased shares of GE, you can assist this investigation by visiting the firm's site: www.bgandg.com/ge. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org