An investigation on behalf of investors of NiSource Inc. (NYSE: NI) shares over potential securities laws violations by NiSource Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NiSource Inc. (NYSE: NI) concerning whether a series of statements by NiSource Inc. (NYSE: NI regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Merrillville, IN based NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. NiSource Inc. reported that its annual Total Revenue rose from over $4.49 billion in 2016 to over $4,87 billion in 2017 and that its Net Income declined from $331.5 million in 2016 to $128.5 million in 2017.

On September 13, 2018, dozens of gas pipe explosions occurred in the Merrimack Valley in Massachusetts causing several injuries and one death.

Shares of NiSource Inc. (NYSE: NI) declined on September 14, 2018 to $24.68 per share.