An investigation for investors in NiSource Inc. (NYSE: NI) shares over potential securities laws violations by NiSource Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/02/2018 -- NiSource Inc. (NYSE: NI) is under investigation over potential securities laws violations s in connection with certain financial statements.
Investors who purchased shares of NiSource Inc. (NYSE: NI), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NiSource Inc. (NYSE: NI) concerning whether certain 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.
Those who purchased shares of NiSource Inc. (NYSE: NI) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.