TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

PG&E Corporation (NYSE:PCG) Investor Securities Class Action Lawsuit 06/12/2018

  • If you purchased shares of PG&E Corporation (NYSE:PCG), you have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
PG&E Corporation
Security
NYSE: PCG

Case Name
PG&E Shareholder Class Action Lawsuit 06/12/2018
Type of Lawsuit
NULL
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to PG&E Corporation.
Summary

May 28, 2019 - A third amended consolidated complaint was filed.

February 1, 2019 - The defendant filed a notice of bankruptcy.

December 14, 2018 - A second amended consolidated complaint was filed.

November 9, 2018 - An amended consolidated complaint was filed.

June 12, 2018 - An investor in shares of PG&E Corporation (NYSE:PCG) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by PG&E Corporation in connection with certain allegedly false and misleading statements made between April 29, 2015, and June 8, 2018.

On October 13, 2017, PG&E Corporation announced that its subsidiary, Pacific Gas and Electric Company, is under investigation as part of a probe into wildfires in Northern California. PG&E Corporation stated that the California Department of Forestry and Fire Protection is investigating the causes of the fire, including “the possible role of power lines and other facilities of…” Pacific Gas and Electric Company.

On June 9, 2018, an article was published entitled “PG&E May Face Criminal Charges After Probe of Deadly Wildfires.” The article reported, in part, that following an investigation into the causes of wildfires that altogether killed 44 people, consumed thousands of homes and racked up an estimated $10 billion in damages in October 2017, California's fire agency found evidence of alleged violations of law by PG&E in connection with the fires. Specifically, the state's investigation found that PG&E equipment caused at least 12 of the wine country blazes.

According to the complaint the plaintiff alleges on behalf of purchasers of PG&E Corporation (NYSE:PCG) common shares between April 29, 2015, and June 8, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 29, 2015, and June 8, 2018, the defendants made false and/or misleading statements and/or failed to disclose that PG&E had failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law, that consequently, PG&E was in violation of state law regulation, that PG&E’s electricity networks would cause numerous wildfires in California, and that as a result of the foregoing, Defendants’ statements about the Company’s business and operations were materially false and misleading at all relevant times.