Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Just Energy Group Inc. (NYSE: JE) resulting from allegations that Just Energy may have issued materially misleading business information to the investing public.
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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Just Energy investors. If you purchased shares of Just Energy please visit the firm’s website at http://www.rosenlegal.com/cases-register-1631.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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