Thieler Law Corp advises investors with losses exceeding $100,000 of the May 2, 2016 lead plaintiff deadline in a class action lawsuit filed against Sempra Energy (NYSE: SRE) (“Sempra” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of California and investors, who purchased Sempra Energy securities between May 14, 2015 and November 23, 2015, have until May 2, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Sempra Energy securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that: SoCalGas lacked the capability to expeditiously repair gas leaks, causing a public hazard; an extended hazardous gas leak would constitute a serious threat to public health and safety; and as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times. 

In October 2015, Southern California Gas Company, a subsidiary of Sempra Energy, discovered a natural gas leak from a well near Porter Ranch, Los Angeles. Local residents reported symptoms including nausea, headaches, and nosebleeds. Residents were relocated from the area as Southern California Gas Company tried to seal the well.

On January 6, 2016, California Governor declared a state of emergency. On this news, NYSE: SRE shares dropped 5.4% on January 7, 2016.

On February 2, 2016, allegations arose from a lawsuit filed claiming Southern California Gas Company violated state health and safety laws. On the same day, Los Angeles County filed criminal charges against Southern California Gas Company for failing to immediately report the leak and danger.

If you were negatively impacted by your investment in Sempra Energy securities between May 14, 2015 and November 23, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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