Company name PG&E Corporation
Stock symbol PCG
Class period 4/29/2015 – 06/08/2018
Lead plaintiff deadline August 13, 2018
Court Northern District of California
Status Under Investigation

NEW YORK, June 21, 2018 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired PG&E Corporation (NYSE: PCG) securities between April 29, 2015 and June 8, 2018 (the “Class Period”).  Investors have until August 13, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that (1) PG&E had failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; (2) consequently, PG&E was in violation of state law regulation; (3) PG&E’s electricity networks would cause numerous wildfires in California; and (4) as a result of the foregoing, Defendants’ statements about the Company’s business and operations were materially false and misleading at all relevant times.

On June 9, 2018, Bloomberg published an article entitled “PG&E May Face Criminal Charges After Probe of Deadly Wildfires.” The article reported that an investigation into the causes of California wildfires in October 2017 by California’s fire agency “found evidence of alleged violations of law by PG&E in connection with” the fires.

On June 21, 2018, PG&E announced that it will take a $2.5 billion charge related to its role in the California wildfires.  The Company stated that the charge will be included in its second-quarter financial results.  PG&E says that expects to incur losses from at least 14 of the fires already investigated, and warned that its liabilities may grow as state investigators release further findings.

If you purchased or otherwise acquired PG&E Corporation securities during the Class Period or continue to hold shares purchased during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below.  There is no cost or obligation to you.

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.