SOURCE: Johnson & Perkinson

April 29, 2009 10:03 ET

Johnson & Perkinson Announces Impending Deadline in Class Action Litigation Naming General Electric Company

SOUTH BURLINGTON, VT--(Marketwire - April 29, 2009) - Johnson & Perkinson hereby announces the filing of a class action lawsuit naming General Electric Company ("GE" or the "Company") (NYSE: GE). The action, docket numbered 09-CIV-4152, was filed in the United States District Court for the Southern District of New York. Individuals, families, trusts or other entities that purchased GE common stock between January 23, 2009 and February 27, 2009 (the Class Period) inclusive, and have substantial losses, have the opportunity to participate as Lead Plaintiffs in the currently pending class action litigation against the Company. To do so, you must apply to serve in that capacity by May 4, 2009.

The complaint alleges that during the Class Period, Defendants issued numerous materially false and misleading statements regarding the safety of the GE dividend, a priority to maintain the dividend, and that the dividend represented a good shareholder return, which caused GE's securities to trade at artificially inflated prices. The statements and omissions were materially false and misleading in that they assured investors that the dividend could be maintained without straining the company, and failed to timely disclose the material adverse facts that Defendants would need to cut the common stock dividend in 2009 in light of GE's financial condition.

Johnson & Perkinson, a law firm based in South Burlington, Vermont, has extensive experience prosecuting investor class actions and actions involving financial fraud. Attorneys Johnson and Perkinson are both former employees of the Securities and Exchange Commission. Dedicated to maximizing shareholder return, members of Johnson & Perkinson have prosecuted complex class actions alleging securities or consumer fraud/deception on behalf of investors/consumers against numerous public companies since 1985, resulting in the recovery of many hundreds of millions of dollars, and have been singled out for excellence by various courts. The firm is litigating, or has recently resolved litigation, as Lead or Co-Lead Counsel in securities class actions against Xerox, Priceline, Wireless Facilities, i2 and Xchange, and served on the Executive Committee in the Global Crossing case.

If you wish to discuss this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Johnson & Perkinson attorney Eben F. Duval via email at email@jpclasslaw.com; through our website at www.jpclasslaw.com; toll free at 1-888-459-7855; or by mail at Johnson & Perkinson, 1690 Williston Road, P.O. Box 2305, South Burlington, Vermont 05403. Attorneys at Johnson & Perkinson can help you decide if seeking appointment as a Lead Plaintiff is right for you. Your ability to share in any recovery is not affected by your decision to not seek appointment as a Lead Plaintiff.

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