SAN FRANCISCO, Nov. 28, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP notifies investors in PG&E Corporation PCG of the firm's investigation into possible breach of duties by the Company's Board of Directors. If you purchased or otherwise acquired and still hold PG&E securities before November 28, 2018 contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/PCG
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
On November 8, 2018, California's deadliest wildfire (the "Camp Fire") erupted near a PG&E power line during a windstorm. The Camp Fire killed dozens of people, displaced thousands of people, and destroyed thousands of homes and other buildings.
On November 28, 2018, the financial press reported that PG&E decided against shutting power off six hours after the Camp Fire began and that one of the Company's high-voltage transmission lines in the area malfunctioned 18 minutes before the fire started.
Since November 8, 2018, the price of PG&E shares has plunged $20.97, or about 44% to close at $26.97 on November 27, 2018.
"We're focused on whether certain PG&E directors and senior officers knew or should have known of problems with the Company's power delivery infrastructure and on substantial damages suffered by all PG&E stakeholders," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding PG&E should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email PCG@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP
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