STEVENSON, Md., Dec. 20, 2016 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the
Northern District of California on behalf of purchasers of Pattern Energy Group, Inc. (Nasdaq:PEGI) (“Pattern” or the “Company”)
common stock during the period between May 9, 2016 through November 4, 2016, inclusive (the “Class Period”). Investors who
wish to become proactively involved in the litigation have until January 10, 2017 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and
be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including
whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Pattern common stock during the Class Period. Members of the Class will be
represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above
action.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that the Company’s operations were deficient with respect to various
transactions, process level, and monitoring controls and Pattern lacked effective internal financial controls.
According to the complaint, following a November 7, 2016 announcement of its financial and operating results for
the quarter ended September 30, 2016 and disclosure of material weaknesses in internal controls related to the implementation,
design and operation effectiveness of various transactions, process level, and monitoring controls, the value of Pattern shares
declined significantly.
If you have suffered a loss in excess of $100,000 from investment in Pattern common stock purchased on or after
May 9, 2016 and held through the revelation of negative information during and/or at the end of the Class Period and would like to
learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit
our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by
contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Brower Piven also encourages
anyone with information regarding the Company’s conduct during the period in question to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and
have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower
Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at
this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616 hoffman@browerpiven.com
