Portland General Electric Company. The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Oregon on behalf of investors who purchased Portland General Electric Company (NYSE: POR) securities between April 24, 2020 and August 24, 2020.
According to the PGE lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) PGE lacked effective internal controls over its energy trading practices; (2) PGE personnel had entered energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, that created significant negative financial exposure for PGE; (3)as a result, the Company was reasonably likely to incur significant losses; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
“Portland General Electric Company”
If you suffered a loss in PGE you have until November 2, 2020 to request that the Court appoint you as lead plaintiff. Your ability to
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