NEW YORK, Aug. 24, 2019 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of Just Energy Group Inc. ("Just Energy" or the "Company") (NYSE: JE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Just Energy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On July 23, 2019, Just Energy disclosed that it had "identified customer enrollment and non-payment issues, primarily in Texas, over the past 12 months" and consequently expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable.
On this news, Just Energy's stock price fell $0.66 per share, or 15.07%, to close at $3.72 per share on July 23, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP