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Article

21 Mar 2016

Author:
Levi & Korsinsky law firm (USA)

Levi & Korsinsky, LLP Reminds Shareholders of Sempra Energy of Commencement of Class Action Lawsuit and a Lead Plaintiff Deadline of May 2, 2016

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A securities class action has been commenced...[alleging] that...[Sempra Energy] issued materially false and misleading statements to investors and/or failed to disclose that: (1) Sempra’s subsidiary SoCalGas lacked the capability to expeditiously repair gas leaks, causing a public hazard; (2) an extended hazardous gas leak would constitute a serious threat to public health and safety... When the true details entered the market, the lawsuit claims that investors suffered damages.