Investigation Overview
December 2, 2013 (Shareholders Foundation) - An investigation on behalf of investors in NYSE:PCG shares was announced over potential breaches of fiduciary duties by certain officers and directors at PG&E Corporation.
The investigation by a law firm concerns whether certain PG&E officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
PG&E Corporation reported that its annual Total Revenue rose from over $13.84 billion in 2010 to over $15.04 billion in 2012, while its respective Net Income declined from over $1.11 billion to $830 million.
Shares of PG&E Corporation (NYSE:PCG) declined from $47.77 per share in April 2013 to $40.07 per share in October 2013.
On December 2, 2013, NYSE:PGE shares closed at $40.46 per share.