SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PG&E Corporation - PCG
NEW YORK, NY / ACCESSWIRE / October 21, 2019 / Pomerantz LLP is investigating claims on behalf of investors of PG&E Corporation ("PG&E" or the "Company") (PCG). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether PG&E and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 12, 2019, the New York Times published an article reporting on PG&E's efforts to deal with rolling power cuts in California aimed at minimizing wildfire risk. The article reported, among other issues, that "PG&E's communications and computer systems faltered, and its website went down as customers tried to find out whether they would be cut off or spared. As the company struggled to tell people what areas would be affected and when, chaos and confusion unspooled outside. Roads and businesses went dark without warning, nursing homes and other critical services scrambled to find backup power and even government agencies calling the company were put on hold for hours."
On this news, PG&E's stock price fell $0.35 per share, or 4.36%, to close at $7.67 per share on October 14, 2019, the following trading day.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
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