The Regulation Workplaces of Frank R. Cruz Publicizes the Submitting of a Securities Class Motion on Behalf of Portland Common Electrical Firm (POR) Buyers

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    The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Portland General Electric Company (POR) Investors

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Frank R. Cruz's law firms announces that a class action lawsuit has been filed on behalf of individuals and organizations making up the Portland General Electric Company ("PGE" or the "Company") (NYSE: POR) Securities between April 24, 2020 and August 24, 2020including (the "Class Period"). PGE investors have up November 2, 2020 "data-reactid =" 19 "> Frank R. Cruz's law firm announces that a class action lawsuit has been filed on behalf of individuals and organizations that have purchased or otherwise acquired the Portland General Electric Company (" PGE Securities "or" Company ") (NYSE: POR) between April 24, 2020 and August 24, 2020 (including the" Class Period "). PGE investors have until November 2, 2020 to file a lead plaintiff motion.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you are a shareholder who has suffered a loss, click Here to participate. "data-reactid =" 20 "> If you are a shareholder who has suffered a loss, click here to participate.

    On August 24, 2020, after the market closed, PGE announced that it had incurred losses of $ 127 million as of August 24, 2020. PGE went on to say that "in 2020 staff closed a number of energy deals and volume accumulated late at night in the second quarter and third quarter resulting in significant social engagement." the company announced that it had formed a special committee "to review the energy trading that led to the losses and the company's procedures and controls related to the trading".

    In that news, the company's share price fell $ 3.51, or nearly 8%, to close at $ 38.45 per share on August 24, 2020, hurting investors.

    The complaint filed in this class action alleges that throughout the class period, defendants made materially false and / or misleading statements and did not disclose material adverse facts about the business, business and prospects of the company. In particular, Defendants have failed to advise investors: (1) that PGE did not have effective internal controls over its energy trading practices; (2) that PGE employees had entered the energy trading business in 2020, with increasing volume accumulating in late second quarter and third quarter, creating a significant negative financial risk for PGE; (3) that there is a significant likelihood that the Company would suffer significant losses as a result; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and / or unfounded.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow us for updates on Twitter: twitter.com/FRC_LAW. "data-reactid =" 28 "> Follow us for updates on Twitter: twitter.com/FRC_LAW.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you bought PGE securities during the class period, you the court can move at the latest November 2, 2020 ask the court to appoint you as the lead plaintiff. You don't need to take any action at this point to be a member of the class. You can keep an attorney of your choice or you can take no action and remain an absent member of the class. If you have purchased PGE securities, have information or would like to learn more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the Frank R. Law Firms. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, via email to info@frankcruzlaw.comor visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number and number of shares purchased. "Data-reactid =" 29 "> If you bought PGE securities during the class period, you can move the court no later than November 2. 2020 to ask the court to appoint you the lead plaintiff. To become a member of the class If you have purchased, have information, or want to learn more about, or have questions about, PGE securities, you do not need to take any action at this point. You may retain an attorney of your choice or take no action and remain an absent member of the class Notice or have your rights or interests in relation to these matters, please contact Frank R. Cruz of the Frank R. Cruz Law Firms, Avenue of the Stars 1999, Suite 1100, Los Angeles, California 90067, 310-914- 5007, by email to info@frankcruzlaw.com or visit our website at www.frankcruzlaw.com If you inquire by email, please provide at your postal address, telephone number and release number s purchased.

    This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "View source version on businesswire.com: https://www.businesswire.com/news/home/20200908005861/de/"data-reactid =" 31 ">View source version on businesswire.com: https://www.businesswire.com/news/home/20200908005861/de/

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "contacts"data-reactid =" 32 "> contacts

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The law firms of Frank R. Cruz, Los Angeles
    Frank R. Cruz, 310-914-5007
    fcruz@frankcruzlaw.com
    www.frankcruzlaw.com"data-reactid =" 33 "> The law offices of Frank R. Cruz, Los Angeles
    Frank R. Cruz, 310-914-5007
    fcruz@frankcruzlaw.com
    www.frankcruzlaw.com

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