{"id":4035,"date":"2020-09-16T12:21:00","date_gmt":"2020-09-16T12:21:00","guid":{"rendered":"http:\/\/wordpress.hdnweb.com\/2020\/09\/16\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020\/"},"modified":"2020-09-16T12:21:00","modified_gmt":"2020-09-16T12:21:00","slug":"por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020","status":"publish","type":"post","link":"https:\/\/wordpress3.hdnweb.com\/en\/2020\/09\/16\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020\/","title":{"rendered":"POR Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Portland General Electric Company (NYSE: POR); Lead Plaintiff Deadline is November 2, 2020"},"content":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">PHILADELPHIA<\/span>, <span class=\"xn-chron\">Sept. 16, 2020<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Berger Montague<\/span> is investigating potential securities fraud claims against Portland General Electric Company (&#8220;PGE&#8221; or the &#8220;Company&#8221;) on behalf of investors who purchased PGE securities (NYSE: POR) between <b><span class=\"xn-chron\">April 24, 2020<\/span> and <span class=\"xn-chron\">August 24, 2020<\/span><\/b> (the &#8220;Class Period&#8221;). <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/232479\/berger_montague.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/232479\/berger_montague.jpg\" title=\"A national class action and commercial litigation law firm with nationally known attorneys highly sought after for their legal skills. (PRNewsFoto\/Berger Montague)\" alt=\"A national class action and commercial litigation law firm with nationally known attorneys highly sought after for their legal skills. (PRNewsFoto\/Berger Montague)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>If you purchased PGE securities during the Class Period, have questions concerning your rights or interests, or would like to discuss <span class=\"xn-person\">Berger Montague&#8217;s<\/span> investigation, please contact attorneys <span class=\"xn-person\">Andrew Abramowitz<\/span> at <a href=\"mailto:aabramowitz@bm.net\" rel=\"nofollow\">aabramowitz@bm.net<\/a> or (215) 875-3015, or <span class=\"xn-person\">Donnell Much<\/span> at <a href=\"mailto:dmuch@bm.net\" rel=\"nofollow\">dmuch@bm.net<\/a> or (215) 875-4667, or contact us at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2919427-1&amp;h=3016822590&amp;u=http%3A%2F%2Fwww.bergermontague.com%2Fportland-general-electric&amp;a=www.bergermontague.com%2Fportland-general-electric\" rel=\"nofollow\">www.bergermontague.com\/portland-general-electric<\/a>. <\/p>\n<p>The lawsuit accuses PGE and members of its senior management with failing to disclose to investors that PGE lacked effective internal controls over its energy trading practices such that PGE personnel had entered energy trades that created unusually high financial exposure for the Company. As a result, Defendants&#8217; statements about the Company&#8217;s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>According to the Complaint, on <span class=\"xn-chron\">August 24, 2020<\/span>, after the market closed, PGE announced that it had incurred losses of <span class=\"xn-money\">$127 million<\/span> as a result of energy trading conducted by the Company during 2020. PGE further announced that it had formed a Special Committee to review the energy trading practices and internal controls that allowed such significant exposure to the energy market. On this news, the Company&#8217;s share price fell <span class=\"xn-money\">$3.51<\/span> \u2013 or 8% \u2013 from <span class=\"xn-money\">$41.96<\/span> per share to <span class=\"xn-money\">$38.45<\/span> per share on <span class=\"xn-chron\">August 24, 2020<\/span>. <\/p>\n<p>If you purchased PGE shares during the Class Period, you may seek Court appointment as lead plaintiff to represent other injured investors in a class action. The lead plaintiff appointment deadline is <b><span class=\"xn-chron\">November 2, 2020<\/span>.<\/b> You do not need to be a lead plaintiff to share in any potential Class recovery.<\/p>\n<p><b>Whistleblowers:\u00a0<\/b>Persons with non-public information regarding Portland General Electric Company are encouraged to confidentially assist <span class=\"xn-person\">Berger Montague&#8217;s<\/span> investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2919427-1&amp;h=2475005175&amp;u=https%3A%2F%2Fbergermontague.com%2F&amp;a=Berger+Montague\" rel=\"nofollow\"><span class=\"xn-person\">Berger Montague<\/span><\/a>, with offices in <span class=\"xn-location\">Philadelphia<\/span>, <span class=\"xn-location\">Minneapolis<\/span>, <span class=\"xn-location\">Washington, D.C.<\/span>, and <span class=\"xn-location\">San Diego<\/span>, has been a pioneer in securities class action litigation since its founding in 1970. <span class=\"xn-person\">Berger Montague<\/span> has represented individual and institutional investors for five decades and serves as lead counsel in courts throughout <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>Contacts<\/p>\n<p><span class=\"xn-person\">Andrew Abramowitz<\/span>, Senior Counsel<br \/><span class=\"xn-person\">Berger Montague<\/span><br \/>(215) 875-3015<br \/><a target=\"_blank\" href=\"mailto:aabramowitz@bm.net\" rel=\"nofollow\">aabramowitz@bm.net<\/a> <\/p>\n<p><span class=\"xn-person\">Donnell Much<\/span>, Associate<br \/><span class=\"xn-person\">Berger Montague<\/span><br \/>(215) 875-4667<br \/><a target=\"_blank\" href=\"mailto:dmuch@bm.net\" rel=\"nofollow\">dmuch@bm.net<\/a> <\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC27218&amp;sd=2020-09-16\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020-301132480.html\">http:\/\/www.prnewswire.com\/news-releases\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020-301132480.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Berger Montague<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">PHILADELPHIA<\/span>, <span class=\"xn-chron\">Sept. 16, 2020<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-person\">Berger Montague<\/span> is investigating potential securities fraud claims against Portland General Electric Company (&#8220;PGE&#8221; or the &#8220;Company&#8221;) on behalf of investors who purchased PGE securities (NYSE: POR) between <b><span class=\"xn-chron\">April 24, 2020<\/span> and <span class=\"xn-chron\">August 24, 2020<\/span><\/b> (the &#8220;Class Period&#8221;). <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n    &#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-4035","post","type-post","status-publish","format-standard","hentry","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>POR Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Portland General Electric Company (NYSE: POR); Lead Plaintiff Deadline is November 2, 2020 - HDN<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"POR Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Portland General Electric Company (NYSE: POR); Lead Plaintiff Deadline is November 2, 2020 - HDN\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, Sept. 16, 2020 \/PRNewswire\/ -- Berger Montague is investigating potential securities fraud claims against Portland General Electric Company (&quot;PGE&quot; or the &quot;Company&quot;) on behalf of investors who purchased PGE securities (NYSE: POR) between April 24, 2020 and August 24, 2020 (the &quot;Class Period&quot;).               ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wordpress3.hdnweb.com\/2020\/09\/16\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"HDN\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-16T12:21:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/232479\/berger_montague.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/09\\\/16\\\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wordpress3.hdnweb.com\\\/2020\\\/09\\\/16\\\/por-stock-berger-montague-investigates-alleged-securities-fraud-claims-against-portland-general-electric-company-nyse-por-lead-plaintiff-deadline-is-november-2-2020\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"POR Stock: Berger Montague Investigates Alleged Securities Fraud Claims Against Portland General Electric Company (NYSE: POR); 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