Faruqi and Faruqui, LLP Logo
Share this page

Sempra Energy (SRE)

NYSE:SRE

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Sempra Energy To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Sempra Energy (“Sempra” or the “Company”) (NYSE:SRE) of the April 29, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of California on behalf of all those who purchased Sempra securities between May 14, 2015 and November 23, 2015 (the “Class Period”). The case, Plumley v. Sempra Energy, et al, No. 3:16-cv-00512 was filed on February 29, 2016, and has been assigned to Judge Roger T. Benitez.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose whether the Company’s subsidiary lacked the capability to expeditiously repair gas leaks and control their severe threat to public safety and health.

Specifically, throughout October 2015, Sempra’s subsidiary, Southern California Gas Company (“SoCalGas”), uncovered a natural gas leak from one of its well close to the Porter Ranch neighborhood in Los Angeles. After Porter Ranch residents reported suffering from symptoms including headaches, nausea, and nosebleeds, thousands of families were relocated from the area as SoCalGas struggled to close off the well.  Since the incident was discovered, the complaint alleges that attempts to seal it have been unsuccessful.

Then, on November 23, 2015, displaced Porter Ranch residents filed a class action lawsuit against SoCalGas, seeking damages and an order requiring SoCalGas to disclose information related to the health risks associated with the Porter Ranch Leak.  Due to these developments, the value of Sempra stock has declined..

Take Action

If you invested in Sempra stock and options between May 14, 2015 and November 23, 2015 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Sempra’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Sempra Energy (SRE)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/07/2016

Class Period:

  • 05/14/2015 - 11/23/2015

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.