Portland General Electric Company

Hessell v. Portland General Electric Company, et al

Portland General Electric Company shares have fallen approximately 11% on August 25, 2020, after the Company announced after the markets closed on August 24, 2020 that it had formed a Special Committee to investigate energy trading activity “in certain wholesale electricity markets that has resulted in realized and unrealized losses of $127 million” to the Company as of August 24, 2020. The Company added that it “entered into a number of energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, resulting in significant exposure to the Company.” Our investigation is centered on whether the Company has made accurate disclosures to investors about its trading and risk management strategies.

Lead Plaintiff deadline
November 2, 2020
class period
April 24, 2020
August 24, 2020
Case Documents
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