NEW YORK, Nov. 8, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of NiSource Inc. ("NiSource" or the "Company") (NYSE: NI) concerning potential securities law violations. Investors who purchased NiSource securities may be affected.
On September 13, 2018, dozens of gas explosions reportedly destroyed homes and buildings in Andover, North Andover, and Lawrence Massachusetts, killing one person and injuring many others. Andover's Fire Chief later announced that investigators suspected over-pressurization of a gas main belong to Columbia Gas of Massachusetts ("Columbia Gas"), a unit of NiSource.
Following this news, the price of NiSource's common stock fell $3.29 per share, or 11.72%, to close at $24.79 per share on September 14, 2018.
On November 1, 2018, NiSource disclosed that Federal prosecutors had launched a criminal investigation into the natural gas explosions and fires, and that initial grand jury subpoenas had already been served on both NiSource and Columbia Gas.
If you are an investor in NiSource and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling 800-290-1952.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this Notice, the action, your rights, or your interests, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California 94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
View original content:http://www.prnewswire.com/news-releases/investor-alert-kaplan-fox-announces-investigation-of-nisource-inc-300746882.html
SOURCE Kaplan Fox & Kilsheimer LLP
