SAN DIEGO, CA / ACCESSWIRE / October 20, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Portland General Electric Company (NYSE:POR) shares.
Investors, who purchased shares of K Portland General Electric Company (NYSE:POR) prior to April 2020 and continue to hold any of those NYSE:POR shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants failed to disclose to investors that PGE lacked effective internal controls over its energy trading practices, that PGE personnel had entered energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, that created significant negative financial exposure for PGE, that, as a result, the Company was reasonably likely to incur significant losses, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased Portland General Electric Company (NYSE:POR) shares 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.