NEW YORK, July 12, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. announces that class action lawsuits have been commenced on behalf of shareholders of PG&E Corporation, Akers Biosciences, Inc., and UNUM Group. Shareholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
PG&E Corporation (NYSE:PCG)
Class Period: April 29, 2015 - June 8, 2018
Lead Plaintiff Deadline: June 13, 2018
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that (1) PG&E had failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; (2) consequently, PG&E was in violation of state law regulation; (3) PG&E's electricity networks would cause numerous wildfires in California; and (4) as a result of the foregoing, Defendants’ statements about the Company’s business and operations were materially false and misleading at all relevant times. On June 9, 2018, Bloomberg published an article entitled “PG&E May Face Criminal Charges After Probe of Deadly Wildfires.” The article reported, in part, that following an investigation into the causes of California wildfires in October 2017, California's fire agency “found evidence of alleged violations of law by PG&E in connection with” the fires.
To learn more about the PG&E class action go to: http://bespc.com/pge
Akers Biosciences, Inc. (NASDAQ:AKER)
Class Period: May 15, 2017 – June 5, 2018
Lead Plaintiff Deadline: August 13, 2018
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) Akers was improperly recognizing revenue for the fiscal year ended December 31, 2017; (2) Akers had downplayed weaknesses in its internal controls over financial reporting and failed to disclose the true extent of those weaknesses; and (3) as a result, defendants’ statements about Akers’ business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To learn more about the Akers class action go to: https://bespc.com/akers/
UNUM Group (NYSE:UNM)
Class Period: January 1, 2018 – May 2, 2018
Lead Plaintiff Deadline: August 13, 2018
The complaint alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Unum’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the Company was experiencing a higher claims incidence for its long-term care business; (2) that the Company was experiencing less favorable policy terminations in connection with its long-term care business; (3) that, as such, the Company’s long-term care business loss ratio would reach the upper 90% range; and (4) that, as a result of the foregoing, Defendants statements about Unum’s business, operations, and prospects, including statements related to the Company’s long-term care reserves and capital management plans, were materially false and/or misleading and/or lacked a reasonable basis. The complaint claims that when the truth was revealed to the market, investors suffered damages.
To learn more about the Unum class action go to: https://bespc.com/unum/
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com