Company Website:
http://www.ksfcounsel.com
NEW ORLEANS -- (Business Wire)
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until January 10, 2017 to file lead plaintiff applications
in a securities class action lawsuit against Pattern Energy Group, Inc.
(NasdaqGS: PEGI), if they purchased the Company’s shares in the equity
offering at $23.90 announced on August 8-9, 2016 and that closed on
August 12, 2016, or between May 9, 2016 and November 4, 2016, inclusive
(the “Class Period”). This action is pending in the United States
District Court for the Northern District of California.
What You May Do
If you purchased shares of Pattern and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by January 10, 2017.
About the Lawsuit
Pattern and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
securities laws.
On November 7, 2016, Pattern announced its third quarter 2016 financial
results and disclosed a material weakness in internal controls over
financial reporting. Pattern stated that its internal controls were “not
effective as of September 30, 2016, due to the aggregation of internal
control deficiencies related to the implementation, design, maintenance
and operating effectiveness of various transactions, process level, and
monitoring controls.”
On this news, the price of Pattern’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161209005798/en/
Contacts:
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing
Partner
lewis.kahn@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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