NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of General Electric Company (NYSE:GE) from February 26, 2013 through January 24, 2018, inclusive (“Class Period”) of the important May 4, 2018 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for General Electric investors under the federal securities laws.
To join the General Electric class action, go to http://www.rosenlegal.com/cases-1273.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) General Electric was failing to make meaningful adjustments to its insurance actuarial assumptions; (2) this resulted in inadequate insurance reserves being maintained in accordance with Generally Accepted Accounting Practices (“GAAP”), which caused billions in unreported impairment charges for General Electric; (3) General Electric’s Power and Oil & Gas segments, among others, were knowingly underperforming; (4) consequently, the value of General Electric was overstated during the Class Period and additional undisclosed impairments were necessary; and (5) as a result, General Electric’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 4, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1273.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was ranked No. 1 in the Nation for Number of Securities Class Action Settlements in 2017. The firm has been ranked in the Top 3 each year since 2013. Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
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New York, NY 10016
Tel: (212) 686-1060
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