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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Sempra Energy (NYSE: SRE) 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 Sempra Energy (NYSE: SRE) concerning whether a series of statements by Sempra Energy regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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.
Based in San Diego, CA, and founded in 1998 Sempra Energy operates as an energy services holding company worldwide.
If you purchased shares of Sempra Energy (NYSE: SRE), you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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