October 25, 2019 - A fifth amended consolidated complaint was filed.

August 29, 2019 - The court partially granted the defendants' motion to dismiss.

September 12, 2018 - A motion to dismiss the fourth amended consolidated complaint was filed.

October 17, 2018 - A fourth amended consolidated complaint was filed.

September 25, 2018 - A motion to dismiss the third amended consolidated complaint was filed.

July 25, 2018 - A third amended consolidated complaint was filed.

April 10, 2018 - A second amended consolidated complaint was filed.

March 20, 2018 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased General Electric Company (NYSE: GE) common shares between January 23, 2015 and January 23, 2018. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between January 23, 2015 and January 23, 2018.

November 1, 2017 - An investor in shares of General Electric Company (NYSE: GE) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by General Electric Company in connection with certain allegedly false and misleading statements made between July 21, 2017 and October 20, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of General Electric Company (NYSE: GE) common shares between July 21, 2017 and October 20, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 21, 2017 and October 20, 2017, the defendants failed to disclose that the Company’s various operating segments, including its Power segment, were underperforming Company projections, with order drops, excess inventories and increased costs, that as a result the Company overstated GE’s full year 2017 guidance, and that, as a result of the foregoing, defendants’ statements about General Electric Company’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On October 20, 2017, General Electric Company reported its quarterly results for the third quarter 2017, disclosing earnings per share (“EPS”) of $0.29, falling below earnings estimates of $0.49 per share. General Electric Company also lowered 2017 earnings expectations, lowering EPS to $1.05-$1.10 from $1.60-$1.70.

On that same day, October 20, 2017, General Electric Company held a conference call to discuss its financial results. On the call, General Electric Company CEO John Flannery stated that the Company had been completing a review of its operations and that, “While the company has many areas of strength, it’s also clear from our current results that we need to make some major changes with urgency and a depth of purpose. Our results are unacceptable, to say the least.”

Shares of General Electric Company (NYSE: GE) declined from $32.25 per share in late 2016 to as low as $19.96 per share on November 1, 2017.