(English) Portland General Electric Company
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Portland General Electric Company – POR
New York, N.Y., September 16, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Portland General Electric Company (NYSE: POR) between April 24, 2020 and August 24, 2020, inclusive (the “Class Period”).
To join the POR class action, go to http://zhanginvestorlaw.com/cases/portland-general-electric-company/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take not action at this time.
According to the lawsuit, throughout the Class Period (1) PGE downplayed risks with its trading activity in wholesale electricity markets; (2) PGE’s wholesale energy trading activity would result in at least $127 million of realized and unrealized losses; (3) as a result, PGE would need to significantly cut its per-share guidance; (4) as opposed to defendants’ statements, PGE was not focused on and achieving low operating expenses; (5) PGE had inadequate disclosure controls and procedures and internal control over financial reporting; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 2, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/portland-general-electric-company/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.