is a boutique law firm handling complex and class action litigation, including shareholder derivative litigation, securities class actions, data breach and consumer class actions.

Current Securities Class Action Cases

Federman & Sherwood regularly posts press releases about new class action securities cases, which includes the class period and deadlines for appointment of lead plaintiffs.  Please review any of the case listings  below, and if you bought a security during the class period, we invite you to return an investor certification to our office. Our link to an investor certification for any of the cases can be found below each respective press release on that company.  Once completed, please return to our office by email to rkh@federmanlaw.com or fax to (405) 239-2112. 

Current Cases

Pattern Energy Group, Inc. [NASDAQ: PEGI]

Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Pattern Energy Group, Inc.

 Oklahoma City, OK (November 15, 2016) – On November 11, 2016, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against Pattern Energy Group, Inc. (NASDAQ: PEGI). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is May 9, 2016 through November 4, 2016. More specifically, this litigation was filed because the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company’s operations were deficient with respect to various transactions, process level, and monitoring controls; (2) as a result, the Company lacked effective internal financial controls; and (3) as a result, the Company’s public statements were materially false and misleading.

Specifically, on November 7, 2016, the Company announced its results for the quarter ended September 30, 2016. The Company stated that its internal controls were “not effective as of September 30, 2016, due to the aggregation of internal control deficiencies related to the implementation, design, maintenance and operating effectiveness of various transaction, process level, and monitoring controls.”

On this news, the Company’s share price fell from $21.62 per share to closed at  $20.86 per share on November 7, 2016.

Plaintiff seeks to recover damages on behalf of all Pattern Energy Group, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, January 10, 2017 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here to obtain an investor certification. Once complete, please email this form to rkh@federmanlaw.com, fax to us at (405) 239- 2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.

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