Power Corporation of Canada
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Financials : Insurance | Large Cap Value
Based in Canada
Company profile

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company’s reportable segments include Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

Closing Price
$26.78
Day's Change
-0.2699 (-1.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
27.02
Day's Low
26.61
Volume
(Light)
Volume:
26,317

10-day average volume:
47,705
26,317

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Core Scientific, Inc. with Losses of $100,000 to Contact the Firm

9:16 am ET December 6, 2022 (Newsfile) Print

Los Angeles, California--(Newsfile Corp. - December 6, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Core Scientific, Inc. ("Core Scientific" or "the Company") (NASDAQ: CORZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between January 3, 2022 and October 26, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before January 13, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Core Scientific suffered from increased power costs due in part to the expiration of a pricing agreement. The Company failed to provide hosting services to Celsius as required by contract. The Company created a surcharge not included in its contract to pass higher power costs on to Celsius. The Company was likely to face legal action from Celsius based on this alleged breach of contract. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Core Scientific, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE:

The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146861

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COMTEX_420304324/2523/2022-12-06T09:16:05

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