Pattern Energy Group, Inc.
LAWSUIT ALERT - Andrews & Springer LLC Announces That A Class Action Has Been Filed Against Pattern Energy Group, Inc. For Securities Violations - PEGI
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announces that a class action lawsuit has been filed by another law firm on behalf of shareholders of Pattern Energy Group Inc. (NASDAQGS: PEGI) (“Pattern Energy Group” or the “Company”) for possible corporate misconduct and breach of fiduciary duty.
A copy of the complaint is available from the Court or from Andrews & Springer LLC. If you currently own shares of Pattern Energy Group and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/pattern-energy-group-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On November 4, 2019, Pattern Energy Group and private equity firm Thoma Bravo LLC (“Thoma Bravo”) announced the signing of a definitive merger agreement pursuant to which Thomas Bravo will acquire Pattern Energy Group in a merger worth $6.1 billion (the “Merger). As a result of the Merger, Pattern Energy Group shareholders are only anticipated to receive $26.75 per share in cash in exchange for each share of Pattern Energy Group.
A Pattern Energy Group shareholder represented by another law firm has filed a class action complaint against Pattern Energy Group for federal securities violations. The complaint was filed in the United States District Court, District of Delaware, Case No. 19-cv-02360-UNA.
According to the lawsuit, which was filed on December 27, 2019, defendants filed a proxy statement (the “Proxy”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Merger.
The Proxy omits material information with respect to the Merger, which renders the Proxy false and misleading. Accordingly, plaintiff seeks that the Merger should be enjoined until defendants disclose more information to stockholders.