Pattern Energy Group (PEGI) $100M Shareholder Settlement

The settlement funds have been distributed to claimants.

$100,000,000

Cash Settlement

D. Delaware

Court

1:20-cv-00275

Case number

11/04/2019

Class period Start

02/25/2020

Class period End

Pattern Energy Group (PEGI) agreed to settle $100M with investors to end claims around the NASDAQ delisting episode.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Breach of Fiduciary duty,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Filing date

03/29/2021

Attorneys

Entwistle & Cappucci LLP (Austin, TX), Farnan LLP (Wilmington, DE), Fields Kupka & Shukurov LLP (New York, NY), Susman Godfrey LLP (Los Angeles, CA)

Judge

Hon. Maryellen Noreika

Settlement agreement date

2023-12-06

Exclusion deadline

07/31/2023

Trades matching type

FIFO

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