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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Pattern Energy Group Inc (NASDAQ: PEGI) 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 Pattern Energy Group Inc (NASDAQ: PEGI) concerning whether a series of statements by Pattern Energy Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 7, 2016, Pattern Energy Group revealed that it had a material weakness in internal controls over financial reporting. The Company stated that its internal controls were “not effective as of September 30, 2016, due to the aggregation of internal control deficiencies related to the implementation, design, maintenance and operating effectiveness of various transaction, process level, and monitoring controls.”
Following this news, NASDAQ: PEGI fell $0.76 per share or over 3% to close at $20.86 per share on November 7, 2016.
Based in San Francisco, CA, and founded in 2012 Pattern Energy Group Inc operates as an independent power company that owns and operates power projects in the United States, Canada, and Chile.
If you purchased shares of Pattern Energy Group Inc (NASDAQ: PEGI) on or before November 7, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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