NEW YORK, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Just Energy Group Inc. (NYSE: JE) from November 9, 2017 through July 23, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Just Energy investors under the federal securities laws.
To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=just-energy-group-inc&id=1967 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.
If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Just Energy experienced customer enrollment and nonpayment issues; (2) Just Energy was reasonably likely to incur an impairment charge to its accounts receivable; (3) Just Energy lacked adequate internal control over its financial reporting; and (4) as a result of the foregoing, defendants’ positive statements about Just Energy’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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