LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Pattern Energy Group Inc. (“Pattern” or the “Company”) (Nasdaq: PEGI). Investors who purchased or otherwise acquired shares between May 9, 2016 and November 4, 2016 (the “Class Period”), are encouraged to contact the firm in advance of the January 10, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that Pattern made false and misleading statements and/or failed to disclose: that the Company’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, Pattern 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.” When this news was announced, shares of Pattern fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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