NEW YORK and SAN DIEGO, April 15, 2016 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in United States District Court for the Southern District of California on behalf of all persons or entities that purchased Sempra Energy ("Sempra" or the "Company") (NYSE:SRE). The class action has been filed on behalf of a class consisting of all persons or entities who purchased Sempra Energy securities between May 14, 2015 and November 23, 2015, inclusive (the "Class Period").
Shareholders who have purchased Sempra Energy securities are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
If you purchased shares of Sempra Energy, you may, no later than May 2, 2016, request that the Court appoint you lead plaintiff of the proposed class.
The filed complaint focuses on whether the Company and its executives violated federal securities laws by failing to disclose whether the Company's subsidiary lacked the capability to expeditiously repair gas leaks and control their severe threat to public safety and health.
Specifically, throughout October 2015, Sempra's subsidiary, Southern California Gas Company ("SoCalGas"), uncovered a natural gas leak from one of its well close to the Porter Ranch neighborhood in Los Angeles. After Porter Ranch residents reported suffering from symptoms including headaches, nausea, and nosebleeds, thousands of families were relocated from the area as SoCalGas struggled to close off the well. Since the incident was discovered, the complaint alleges that attempts to seal it have been unsuccessful.
Then, on November 23, 2015, displaced Porter Ranch residents filed a class action lawsuit against SoCalGas, seeking damages and an order requiring SoCalGas to disclose information related to the health risks associated with the Porter Ranch Leak. Due to these developments, the value of Sempra stock has declined.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to the “Sempra investigation.”
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774