NEW YORK -- (Business Wire)
Zamansky LLC announces that it is investigating General Electric Company
(NYSE: GE)(“GE”) for potential breaches of fiduciary duties by GE’s
senior officers and board of directors. If you are a shareholder of GE
who still holds your shares, please contact our firm for information.
Recently, GE reported a write-down of $22.8 billion impairment on it
power business and has cut its dividend to a penny. In the wake of this
announcement, Forbes has reported that GE’s accounting is under
investigation by the Department of Justice and the Securities and
Exchange Commission. GE’s stock price has fallen nearly 66% since 2016.
According to Jake Zamansky, investment fraud attorney, GE’s officers and
directors owe the Company and its shareholders fiduciary duties. “GE’s
large write-down and the reported investigations raise potential concern
for investors,” Zamansky says. “Our law firm is investigating whether
the officers and directors have breached their duties to GE and its
shareholders.”
What General Electric Shareholders Can Do
If you are a current shareholder of GE who still holds your stock,
please contact us to review or discuss your legal rights. You may,
without obligation or cost to you, email jake@zamansky.com
or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with experience
handling securities, hedge fund, ERISA and other shareholder class
action and derivative litigation. We are investment fraud attorneys who
represent both individual and institutional investors. Our practice is
nationally recognized for our ability to aggressively prosecute cases
and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181031005545/en/
Contacts:
Zamansky LLC
Jake Zamansky, 212-742-1414
jake@zamansky.com
Source: Zamansky LLC
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