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PCG.US
id: 562

PG&E (PCG) Safety Requirements Securities Litigation

N.D. California
Court
18-CV-03509
Case number
Investors allege that from April 29, 2015, to November 15, 2018, PG&E (PCG) and its Leaders made false and/or misleading statements and/or failed to disclose that
  • PG&E had failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law;
  • The Company was in violation of state law regulation;
  • PG&E’s electricity networks could cause numerous wildfires in California;
As a result of the Company’s actions, Investors could suffer damages when the true details entered the market.
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 November 2018
Filing date
12 June 2018
Judge
Hon. Richard Seeborg
Collecting participants…

PG&E Corp

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the Unit...

    Ticker
    PCG.US
    ISIN
    US69331C1080
    CIK
    1004980
    Sector
    Utilities
    Industry
    Utilities - Regulated Electric
    Country
    USA
    Address
    300 Lakeside Drive, Oakland, CA, United States, 94612