Scott+Scott,
Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and
consumer rights litigation firm, announces the commencement of an
investigation into Sempra
Energy (NYSE:SRE) (“Sempra”) to determine whether Sempra’s Officers
and Directors have breached their fiduciary duties owed to Sempra and
its shareholders. If you are a Sempra shareholder, you are encouraged to
contact Scott+Scott for additional information.
Sempra (NYSE:SRE) is an energy services holding company which, through
its subsidiaries, generates electricity, delivers natural gas, operates
natural gas pipelines and storage facilities, and operates a wind power
generation project. Its subsidiary, Southern California Gas Co.
(“SoCalGas”), is the largest natural gas distribution utility in the
United States.
On October 23, 2015, a natural gas leak was discovered at the Aliso
Canyon facility – the second-largest gas reserve in the United States,
operated by SoCalGas – triggering the relocation of hundreds of families
in the surrounding area, due to the release of roughly 25% of
California’s total daily gas emissions into the atmosphere from this
single leak.
On December 12, 2015, the United States Environmental Protection Agency
(“EPA”), the federal agency that oversees the vast majority of SoCalGas’
pipelines and storage facilities, publicly released a request for
information to SoCalGas, announcing that it was conducting an
investigation of the natural gas release at the Aliso Canyon facility in
order to protect the public, property, and the environment from
potential hazards arising from the leak.
Finally, on January 6, 2016, Governor Jerry Brown declared a state of
emergency due to the continuing noxious leak, calling for increased
emergency regulations regarding the storage of natural gas in storage
wells as a result of the Aliso Canyon leak.
What You Can Do
If you are a long-term Sempra shareholder, you may have legal claims
against Sempra’s Officers and Directors. If you wish to discuss this
investigation, or have questions about this notice or your legal rights,
please contact attorney Scott Jacobsen at (800) 404-7770 or (646)
582-0119, or at sjacobsen@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities,
antitrust, and employee retirement plan actions throughout the United
States. The firm represents pension funds, foundations, individuals, and
other entities worldwide.
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