LOS ANGELES, CA / ACCESSWIRE / October 1, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Portland General Electric Company ("Portland General Electric" or "the Company") (NYSE:POR) 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 April 24, 2020 and August 24, 2020, inclusive (the ''Class Period'') are encouraged to contact the firm before November 2, 2020.
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, 1880 Century Park East, Suite 404, 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 firstname.lastname@example.org.
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. Portland General Electric failed to maintain appropriate controls over its energy trading practices. The Company's energy traders created massive negative financial exposure through an increasing volume of energy trades in the second and third quarter of 2020. These trades set the Company up to incur significant losses. 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 Portland General Electric, 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.
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SOURCE: The Schall Law Firm
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