The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of California on behalf of investors who purchased Sempra Energy (NYSE: SRE) securities between May 14, 2015 and November 23, 2015.
The complaint alleges that throughout the Class Period, Defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) Sempra’s subsidiary SoCalGas lacked the capability to expeditiously repair gas leaks, causing a public hazard; (2) an extended hazardous gas leak would constitute a serious threat to public health and safety; and (3) as a result, Sempra’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you suffered a loss in Sempra Energy you have until May 2, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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