Glancy Prongay & Murray LLP Commences Investigation on Behalf of Pattern Energy Group Inc. Investors
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Pattern Energy Group Inc.
(“Pattern” or the “Company”) (NASDAQ: PEGI) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 7, 2016, Pattern disclosed that it had a material weakness in its internal controls over financial reporting.
According to the Company, internal controls were ineffective primarily because of “deficiencies related to the implementation,
design, maintenance, and operating effectiveness of various transaction, process level, and monitoring controls.”
On this news, shares of Pattern fell over 3.5% to close at $20.86 per share on November 7, 2016. The Company’s stock price then
fell another 9% on November 9, 2016, to close at just $19.05 per share, thereby injuring investors.
If you purchased Pattern securities, have information or 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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