Uh oh.GlobeNewswire Bragar Eagel & Squire, P.C. is investigating potential claims against Just Energy Group, Inc. (NYSE: JE) on behalf of Just Energy investors. Our investigation concerns whether Just Energy has violated the federal securities laws and/or engaged in other unlawful business practices.
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On July 23, 2019, the Company disclosed that it had "identified customer enrolment and non-payment issues, primarily in Texas, over the past 12 months" and that, as a result, it expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable.
On this news, shares of Just Energy fell nearly 14%, from $4.38 to $3.72.
If you purchased or otherwise acquired Just Energy shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.