Portland General Electric Company Class Action Lawsuit - POR

Company
Portland General Electric Company (NYSE: POR)
Lead Plaintiff Deadline
November 2, 2020 (Expired)
Class Period
April 24, 2020 - August 24, 2020

Expired

Lead Plaintiff Deadline

Nov 2, 2020

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Allegations

(1) PGE lacked effective internal controls over its energy trading practices; (2) PGE personnel had entered energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, that created significant negative financial exposure for PGE; (3)as a result, the Company was reasonably likely to incur significant losses; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Eligibility

In order to be eligible to join the POR class action lawsuit, you must have incurred a loss on shares of PGE purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in PGE during the relevant time frame or pursuant to the relevant offering(s), you have until November 2, 2020 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.

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