An investigation on behalf of investors in NYSE:PCG shares over potential wrongdoing at P&E Corporation was announced.
San Diego, CA -- (SBWIRE) -- 11/13/2017 -- An investigation was announced for investors who hold NYSE:PCG shares over potential securities laws violations by PG&E in connection with certain statements made in connection with the recent wildfires in California.
Investors who purchased shares of PG&E Corporation (NYSE:PCG), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by PG&E Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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. Shares of PG&E Corporation (NYSE:PCG) declined on October 16, 2017 to $50.35 per share.
On October 17, 2017, it was reported that a Santa Rose couple sued PG&E Corporation over Sonoma County fires. They allege that the utility company is responsible for the wildfire that destroyed their Coffey Park home and thousands of others in Sonoma County.
Those who purchased shares of PG&E Corporation (NYSE:PCG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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