LOS ANGELES–(BUSINESS WIRE)–$JE #JE—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Just Energy Group Inc. (“Just Energy” or “the Company”) (NYSE: JE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Just Energy announced on July 23, 2019, that it had “identified customer enrollment and non-payment issues, primarily in Texas, over the past 12 months.” Based on these issues, the Company expects to suffer an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable. Based on this news, shares of Just Energy fell by nearly 14%.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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