SAN DIEGO, March 28, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in General Electric Company (NYSE: GE) shares.
Investors, who purchased shares of General Electric Company (NYSE: GE) between October 12, 2018 and October 29, 2018, have certain options and there are short and strict deadlines running. Deadline: April 2, 2019. NYSE: GE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements relating to the U.S. Securities and Exchange Commission’s expanded investigation into the Company’s accounting practices, including investigating GE’s $23 billion goodwill impairment charge.
On October 30, 2018, General Electric Company announced that the U.S. Securities and Exchange Commission (“SEC”) had expanded its previous investigation into the Company’s accounting practices to now include GE’s $23 billion goodwill impairment charge. General Electric Company announced that the Department of Justice was also investigating GE.
The plaintiff claims that General Electric Company had failed to disclose this material information on October 12, 2018 when defendants announced that GE was delaying the release of the Company’s quarterly earnings.
Those who purchased General Electric Company (NYSE: GE) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.