Thieler Law Corp advises investors with losses exceeding $100,000 of the December 24, 2019 lead plaintiff deadline in a class action lawsuit filed against PG&E Corporation (NYSE: PCG) (“PG&E” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased PG&E Corporation securities between March 12, 2019 and October 21, 2019, have until December 24, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased PG&E Corporation 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 PG&E’s purportedly enhanced wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed; as a result, PG&E was unprepared for the rolling power cuts the Company implemented to minimize wildfire risk; and as a result, PG&E’s public statements were materially false and misleading at all relevant times.

On October 12, 2019, an article published by the New York Times reported on PG&E's efforts to deal with the rolling power cuts it had implemented in California aimed at minimizing wildfire risk. According to the article, "PG&E's communications and computer systems faltered, and its website went down as customers tried to find out whether they would be cut off or spared." According to the article, "[a]s the company struggled to tell people what areas would be affected and when chaos and confusion unspooled outside. Roads and businesses went dark without warning, nursing homes and other critical services scrambled to find backup power and even government agencies calling the company were put on hold for hours."

Following this news, NYSE: PCG fell $0.35 per share, over 4%, to close at $7.67 per share on October 14, 2019.

On October 23, 2019, according to media reports, PG&E would begin shutting off power to 179,000 homes and businesses in 17 northern and central California counties.

Following this news, NYSE: PCG fell $1.00 per share, over 12%, to close at $7.20 per share on October 24, 2019.

If you were negatively impacted by your investment in PG&E Corporation securities between March 12, 2019 and October 21, 2019 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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