New York, New York--(Newsfile Corp. - October 6, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Portland General Electric Company (NYSE: POR) alleging that the Company violated federal securities laws.
Class Period: April 24, 2020 and August 24, 2020
Lead Plaintiff Deadline: November 2, 2020
Learn more about your recoverable losses in POR:
The filed complaint alleges that Portland General Electric Company made materially false and/or misleading statements and/or failed to disclose that: (1) PGE lacked effective internal controls over its energy trading practices; (2) 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; (3)as a result, the Company was reasonably likely to incur significant losses; and (4) 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.
Shareholders have until November 2, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the POR lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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