AP NEWS

PG&E INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of PG&E Corporation - PCG

November 24, 2018

NEW ORLEANS--(BUSINESS WIRE)--Nov 23, 2018--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into PG&E Corporation (NYSE: PCG).

In October 2017, eighteen wildfires devastated Northern California, seventeen of which investigators found were caused by the Company’s equipment with eleven evidencing violations of safety regulations. Then, on November 8, 2018, another wildfire began in the town of Pulga, California, becoming the deadliest and the most destructive wildfire in California history, killing at least 79 people with approximately 700 missing. The Company subsequently filed two incident reports with state regulators, both for outages that occurred the morning of November 8 th. The first cited an outage at a line near Pulga; the second, a failed circuit in Concow. Notably, the second report was not filed until the day after investigators announced a possible second origin of the fire, in Concow.

The Company has been exposed to significant financial losses for the 2017 and 2018 fires, including as much as $30 billion in potential liabilities and an ongoing securities class action lawsuit relating to the 2017 wildfires for failing to disclose material information to investors in violation of federal securities laws.

KSF’s investigation is focusing on whether PG&E’s officers and/or directors breached their fiduciary duties to PG&E’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of PG&E shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nyse-pcg/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005264/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis Kahn, 1-877-515-1850

Managing Partner

lewis.kahn@ksfcounsel.com

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Kahn Swick & Foti, LLC

Copyright Business Wire 2018.

PUB: 11/23/2018 11:11 PM/DISC: 11/23/2018 11:10 PM

http://www.businesswire.com/news/home/20181123005264/en

AP RADIO
Update hourly