SAN DIEGO & ONTARIO, Canada--(BUSINESS WIRE)--
Shareholder rights law firm Robbins Arroyo LLP announces that a shareholder of Just Energy Group Inc. (JE) has filed a complaint for alleged violations of the Securities Exchange Act of 1934 between November 9, 2017 and July 23, 2019. Just Energy Group is a consumer company focused on essential needs.
If you suffered a loss as a result of Just Energy Group's misconduct, click here.
Just Energy Group Accused of Improper Accounting Practices
According to the complaint, since November 2017, Just Energy had affirmed and reaffirmed its internal control over financial reporting. In its May 2019 40-F, Just Energy revealed that it had discovered and remediated deficiencies in its internal control over financial reporting. However, this revelation failed to disclose the true picture. On July 23, 2019, Just Energy announced that it had identified customer enrollment and non-payment issues that would result in an impairment charge of up to CAD $50 million. On this news, Just Energy's share price fell over 15% to close at $3.72 per share.
Just Energy Group Inc. (JE) Shareholders Have Legal Options
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.
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