NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of PG&E Corporation (NYSE:PCG) resulting from allegations that PG&E may have issued materially misleading business information to the investing public.
On June 9, 2018, Bloomberg published an article entitled “PG&E May Face Criminal Charges After Probe of Deadly Wildfires,” stating that the California Department of Forestry and Fire Protection announced its determination that twelve California wildfires that occurred in late 2017 were caused by PG&E equipment. In all, the Northern California fires “killed 44 people, consumed thousands of homes and racked up an estimated $10 billion in damages.” According to the article, the State found “evidence of alleged violations of law by PG&E” which could “expose PG&E to criminal charges.” On this news, shares of PG&E fell $1.69 or over 4% to close at $39.76 on June 11, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by PG&E investors. If you purchased shares of PG&E please visit the firm’s website at http://www.rosenlegal.com/cases-1357.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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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 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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