SAN DIEGO, CA / ACCESSWIRE / April 8, 2019 / The Shareholders Foundation, Inc. announces that a deadline is coming up in the lawsuit that was filed for investors that acquired certain PG&E senior notes in or traceable to the Company's Notes Offerings.
The lawsuit was filed for investors who purchased PG&E senior notes in the following notes offerings:
- March 2016 public offering of senior notes,
- December 2016 public offering of senior notes,
- March 2017 public offering of senior notes,
and/or
- April 2018 public offering of senior notes.
Investors, who purchased any of the above listed PG&E senior notes, have certain options and are short and strict deadlines running. Deadline: April 23, 2019. Those who purchased any of the above stated PG&E senior notes should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
In October 2017, a series of devastating fires, which became known as the Northern California Fires, ravaged at least 245,000 acres of land and killed 44 people. At the time, the fires were the most destructive in California history. Then, little more than a year later, the tragedy of the Northern California Fires would be surpassed by an even more destructive and deadly blaze, the Camp Fire, which ignited in November 2018 in Butte County, California. This catastrophic event claimed the lives of at least 86 people. The Camp Fire was reportedly the world's costliest natural disaster in 2018. Following those events, the company facing an estimated $30 billion in potential liability has filed Chapter 11 bankruptcy.
On February 22, 2019, a lawsuit was filed over alleged securities laws violations in connection with the above stated note offerings. More specifically, the plaintiff claims that PG&E raised billions of dollars from investors through the sale of senior notes, that PG&E's conduct has subsequently been revealed to contradict the representations made to investors in the offering documents for the above stated notes offerings, and that as a result of the tragic events, the prices of PG&E bonds have plummeted, adding hundreds of millions of dollars’ in investor losses to the devastation wrought by the Company's conduct.
Those who purchased any of the above listed PG&E Corporation (NYSE: PCG) senior notes, have certain options and should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.