Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of PG&E Corporation (NYSE: PCG) 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 PG&E Corporation (NYSE: PCG) concerning whether a series of statements by PG&E Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 9, 2018, Bloomberg published an article entitled “PG&E May Face Criminal Charges After Probe of Deadly Wildfires." According to the article, in part, that following an investigation into the causes of wildfires "that altogether killed 44 people, consumed thousands of homes and racked up an estimated $10 billion in damages" in October 2017, California's fire agency "found evidence of alleged violations of law by PG&E in connection with" the fires. Specifically, the state’s investigation found that PG&E equipment caused at least a dozen of the blazes.
Following this news, NYSE: PCG fell $1.69 or over 4% to close at $39.76 on June 11, 2018.
Based in San Francisco, California, and founded in 1905 PG&E Corporation through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States.
If you purchased shares of PG&E Corporation (NYSE: PCG) on or before June 9, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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