SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

April 07, 2016 15:12 ET

SHAREHOLDER ALERT: 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

NEW YORK, NY--(Marketwired - April 07, 2016) - 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.

Request more information now by clicking here: www.faruqilaw.com/SRE. There is no cost or obligation to you.

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, visit www.faruqilaw.com/SRE. 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.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    685 Third Avenue, 26th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330