March 18, 2016 - 8:31 AM EDT
Print Email Article Font Down Font Up Charts

Hagens Berman Advises Sempra Energy (NYSE: SRE) Investors with Losses over $250,000 of May 2, 2016 Lead Plaintiff Deadline

SAN FRANCISCO, March 18, 2016 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm announces the filing of a securities fraud class action lawsuit against Sempra Energy (NYSE:SRE) relating to the failure to disclose known risks with regard to the Aliso Canyon facility operated by its subsidiary, Southern California Gas Company (SoCal Gas), and materially false statements it made. Hagens Berman also alerts investors there is a May 2, 2016 lead plaintiff deadline, and that it is investigating extending the class period to cover more investors. 

If you suffered losses because of Sempra Energy held shares which you purchased on or after February 27, 2014 and which you held at any time between November 23, 2015 and January 7, 2016, or have information that will help our investigation contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation by calling 510-725-3000, emailing [email protected] or visiting https://www.hbsslaw.com/cases/SRE. The lawsuit, which currently seeks to represent only those who purchased between May 14, 2015 and November 23, 2015, was filed in the U.S. District Court for the Southern District of California. We are investigating whether that class period should be expanded as far back to February 27, 2014 and forward into 2016. Investors have until May 2, 2016 to move the court to participate as a lead plaintiff.

On October 23, 2015, SoCal Gas learned of a natural gas leak at the company’s Aliso Canyon facility near Porter Ranch, a Los Angeles neighborhood. Following the leak, which continued for more than 15 weeks, Porter Ranch residents filed suits against the company seeking damages and ordering SoCal Gas to disclose information pertaining to the leak and associated health risks. On January 6, 2016, California Governor Jerry Brown declared a state of emergency. Since, the California Attorney General filed a lawsuit against SoCal Gas alleging violations of state health and safety laws and Los Angeles County filed criminal charges for SoCal Gas' failure to immediately report the leak following its detection.

Our continuing investigation shows that SoCal Gas was aware of the risks relating to its aging wells going back several years.

Whistleblowers: Persons with non-public information regarding Sempra Energy should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

Primary Logo


Source: GlobeNewswire (March 18, 2016 - 8:31 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice