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PCG.US
id: 562, Created by Stan Vick, Scout
PG&E (PG) Safety Requirements Securities Litigation
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N.D. California
Court18-CV-03509
Case numberInvestors allege that from April 29, 2015, to November 15, 2018, PG&E (PG) 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