Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until September 30, 2019 to file lead plaintiff applications in securities class action lawsuits against Just Energy Group, Inc. (NYSE: JE). Investor losses must relate to purchases of the Company’s securities between November 9, 2017 and August 19, 2019. These actions are pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of Just Energy and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-je/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 30, 2019.
About the Lawsuits
On August 19, 2019, following a series of negative prior disclosures, the Company revealed a material weakness in its internal controls and that its allowance for doubtful accounts for FYE March 31, 2019 was understated by $111.2M. On this news, the price of Just Energy’s shares plummeted.
The first-filed case is Goitein v. Just Energy Group Inc., 1:19-cv-07181, with a class period of 11/9/2017 to 7/23/2019. Subsequently, White v. Just Energy Group, Inc., 1:19-cv-8236, was filed covering the period of 5/16/2018 to 8/19/2019.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190927005525/en/
Contacts:
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
