LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Pattern Energy Group Inc. (“Pattern” or the “Company”) (Nasdaq: PEGI) concerning possible violations of federal securities laws between May 9, 2016 and November 4, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the January 10, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, Pattern made false and misleading statements and/or failed to disclose: that Pattern’s operations were deficient with respect to various transaction, process level, and monitoring controls; that Pattern lacked effective internal financial controls; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On November 7, 2016, the Company announced that it had a material weakness in internal controls over financial reporting. Pattern stated that its internal controls were “not effective as of September 30, 2016, due to the aggregation of internal control deficiencies related to the implementation, design, maintenance and operating effectiveness of various transaction, process level, and monitoring controls.”
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.