Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of NiSource Inc (NYSE: NI) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of NiSource Inc (NYSE: NI) concerning whether a series of statements by NiSource Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 13, 2018, several gas explosions destroyed numerous homes in Andover, North Andover, and Lawrence, Massachusetts, killing one person and injuring several. Andover's Fire Chief later announced that investigators suspected over-pressurization of a gas main belonging to Columbia Gas of Massachusetts ("Columbia"), a unit of NiSource.
On this news, NYSE: NI fell $3.29 per share, or 11.72%, to close at $24.79 on September 14, 2018.
On November 1, 2018, NiSource revealed that the Company and Columbia "are subject to a criminal investigation being conducted under the supervision of the U.S. Attorney's Office for the District of Massachusetts", and that initial grand jury subpoenas were served on both entities on September 24, 2018.
Based in Merrillville, Indiana, and founded in 1912 NiSource Inc operates as a regulated natural gas and electric utility company in the United States.
If you purchased shares of NiSource Inc (NYSE: NI) on or before September 13, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law.
Thieler Law Corp
2534 State Street - Suite 406,
San Diego, CA 92101
by
email: mail@thielerlaw.com
or
telephone at +1 (619) 377 - 4324
or
visit our website http://www.thielerlaw.com/
or
Facsimile: +1 (619) 785 – 3185
