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Class Action News

Levi & Korsinsky Announces General Electric Class Action; GE Lawsuit

Levi & Korsinsky

February 12, 2019

NEW YORK, February 12, 2019 – Levi & Korsinsky, LLP announces a class action has commenced on behalf of General Electric Company (“General Electric”) (NYSE: GE) investors who purchased shares between December 27, 2017 and October 29, 2018. You are hereby notified that the General Electric class action lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information about the GE lawsuit go to: https://www.zlk.com/pslra-1/general-electric-company-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The General Electric class action complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the design and technology of GE Power’s flagship gas turbines were structurally flawed as they were plagued with an oxidation problem that caused the blades in the H-Class gas turbines to fail; (ii) GE Power’s goodwill was materially overstated, in large part because of such structural issues; (iii) the Company lacked adequate internal and financial controls; and (iv) as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis.

If you suffered a loss in General Electric you have until April 2, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com