Just Energy Group ($JE) US$25,000,000 (+ C$1,500,000 EY) Investor Settlement
Just Energy Group has agreed to a US$25,000,000 settlement with $JE investors to resolve claims related to alleged financial misstatements involving Accounts Receivable and the Allowance for Doubtful Accounts.
Outline
In August 2019, Just Energy restated its financial statements. Investors later filed suit alleging the company overstated Accounts Receivable and understated its Allowance for Doubtful Accounts. The parties agreed to settle the case on November 5, 2025, for US$25,000,000 and C$1,500,000.
Timeline
August 2019: Just Energy restates its financial statements.
November 5, 2025: Parties agreed to settle for US$25,000,000 and C$1,500,000.
Background
Just Energy Group had securities trading under “JE” (common shares) and related preferred-share symbols on the TSX and NYSE.
The claims focus on Just Energy’s public financial reporting and accounting judgments tied to Accounts Receivable and its Allowance for Doubtful Accounts.
Investors allege Just Energy’s disclosures were misleading because Accounts Receivable was overstated and the Allowance for Doubtful Accounts was understated, which they say overstated the company’s financial strength.
Following the August 2019 restatement, investors commenced a class action asserting claims under Part XXIII.1 of Ontario’s Securities Act based on the alleged receivables and reserves misstatements.
What Can Investors Expect Now?
Just Energy Group has agreed to a US$25,000,000 settlement with $JE investors to resolve claims related to alleged financial misstatements involving Accounts Receivable and the Allowance for Doubtful Accounts.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities (other than Excluded Persons), wherever they may reside or be domiciled, who: acquired any Just Energy Securities during the Class Period and retained some or all of them at the close of trading on July 22, 2019, or August 14, 2019, other than Excluded Persons.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.