NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Portland General Electric Company (“Portland General Electric” or the “Company”) (NASDAQ: POR). The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Portland General Electric admitted on August 24, 2020, that it had suffered losses of $127 million due to “energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, resulting in significant exposure to the Company.” The Company also disclosed that it had formed a Special Committee to “review the energy trading that led to the losses and the Company’s procedures and controls related to the trading.” Based on this news, shares of Portland General Electric fell by more than 8% on August 25, 2020.
If you purchased or otherwise acquired Portland General Electric securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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