NEW INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against PG&E Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Jun. 12, 2018
LOS ANGELES--(BUSINESS WIRE)--Jun 12, 2018--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.
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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 firstname.lastname@example.org.
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.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20180612006417/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Schall Law Firm
Copyright Business Wire 2018.
PUB: 06/12/2018 03:37 PM/DISC: 06/12/2018 03:37 PM