NEW YORK, Sept. 26, 2019 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Just Energy Group Inc. ("Just Energy" or the "Company") (NYSE: JE) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, and indexed under 19-cv-08286, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise, acquired publicly traded Just Energy securities between November 9, 2017 and July 23, 2019, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased Just Energy securities during the class period, you have until September 30, 2019, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Just Energy purports to be a consumer company focused on essential needs, including electricity and natural gas commodities; on health and well-being, through products such as water quality and filtration devices; and on utility conservation, including renewable energy options.
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) the Company experienced customer enrollment and nonpayment issues; (ii) as a result, the Company was reasonably likely to incur an impairment charge to its accounts receivable; (iii) as a result, the Company lacked adequate internal control over its financial reporting; and (iv) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On July 23, 2019, the Company disclosed that it had "identified customer enrolment [sic] and non-payment issues, primarily in Texas, over the past 12 months" and that, as a result, it expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable.
On this news, the Company's share price fell $0.66 per share, or more than 15%, to close at $3.72 per share on July 23, 2019, on unusually heavy trading volume.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP
NEW YORK, Sept. 9, 2019 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces an expanded class period in the class action lawsuit filed on behalf of investors who purchased or acquired shares of Just Energy Group Inc. ("Just Energy" or the "Company") (NYSE: JE) between November 9, 2017, and August 19, 2019, inclusive (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of New York seeks to recover damages for Just Energy investors under the Securities Exchange Act of 1934.
If you purchased Just Energy securities, and/or would like to discuss your legal rights and options please visit JE Shareholder Class Action or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
The complaint alleges that throughout the Class Period, Defendants issued a series of false and/or misleading statements and failed to disclose material adverse facts about Just Energy's business, operations, and prospects. Among other things, Defendants misrepresented and failed to disclose to investors: (1) that the Company experienced customer enrollment and nonpayment issues; (2) that, as a result, the Company was reasonably likely to incur an impairment charge to its accounts receivable; (3) that, as a result, the Company lacked adequate internal control over its financial reporting; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On July 23, 2019, the Company disclosed that it had "identified customer enrolment [sic] and non-payment issues, primarily in Texas, over the past 12 months" and that, as a result, it expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable.
On this news, the Company's share price fell $0.66 per share, more than 15%, to close at $3.72 per share on July 23, 2019, on unusually heavy trading volume.
If you purchased Just Energy securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/just-energy-group-inc-166/apply or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP
NEW YORK, Aug. 24, 2019 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Just Energy Group Inc. ("Just Energy" or the "Company") (NYSE: JE). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Just Energy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 23, 2019, Just Energy disclosed that it had "identified customer enrollment and non-payment issues, primarily in Texas, over the past 12 months" and consequently expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable.
On this news, Just Energy's stock price fell $0.66 per share, or 15.07%, to close at $3.72 per share on July 23, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-just-energy-group-inc---je-300906588.html
SOURCE Pomerantz LLP
NEW YORK, Aug. 5, 2019 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Just Energy Group Inc. ("Just Energy" or the Company") (NYSE: JE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Just Energy securities between November 9, 2017 and July 23, 2019, both dates inclusive. Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/je.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) that the Company experienced customer enrollment and nonpayment issues; (2) that, as a result, the Company was reasonably likely to incur an impairment charge to its accounts receivable; (3) that, as a result, the Company lacked adequate internal control over its financial reporting; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On July 23, 2019, Just Energy disclosed that it had "identified customer enrollment and non-payment issues, primarily in Texas, over the past 12 months" and consequently expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable. On this news, Just Energy's stock price fell $0.66 per share, or 15.07%, to close at $3.72 per share on July 23, 2019.
If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/je or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Just Energy you have until September 30, 2019 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/investor-alert---just-energy-group-inc-je---bronstein-gewirtz--grossman-llc-notifies-investors-of-class-action-and-lead-plaintiff-deadline-september-30-2019-300896134.html
SOURCE Bronstein, Gewirtz & Grossman, LLC
Customers Gain Access to Account Details and other services through Voice Command
HOUSTON, May 12, 2016 /PRNewswire/ -- Just Energy customers can now access their account and other services through Amazon's Alexa voice service capable devices. As the first energy retailer to embrace Alexa voice service, Just Energy is excited to offer its Texas customers this latest tool providing the ultimate in convenience and smart home energy management solutions. The functionality is available with Amazon Echo, Echo Dot and Tap family of devices.
The Echo, a cylindrical speaker that connects to the 'Alexa' voice assistant service, enables users to:
Simple Set Up and Use
Just Energy customers can easily set up and manage their Echo through the free Alexa App on Fire OS, Android, iOS, and desktop browser. Once the Amazon Echo device is setup and connected using the Alexa App, simply enable the Just Energy 'skill' and log into your account.
Echo's voice functionality also offers an innovative, immediate way for Just Energy's ecobee3 smart thermostat customers to interact with their services and control their home energy environment without lifting a finger. Users can ask Alexa to perform tasks such as dim the lights in a room, or decrease/increase the temperature of your thermostat, with immediate response.
"We're extremely excited to be the first in the retail energy industry to utilize this connected technology to provide our customers with an intuitive energy management experience through voice-activation," says James Lewis, Just Energy's Co-CEO. "With advanced speech recognition, ecobee3 users can benefit from automatic and controlled energy use and potential energy savings – all without lifting a finger. The Echo compatible technology takes Just Energy to the next level in the delivery of customer-centric service."
With far-field voice recognition, Echo can hear from any direction. Its seven microphones, beam forming technology and expertly tuned speaker can fill any room with 360° immersive sound. Alexa - the brain behind Echo - is built in the cloud, so it is always getting smarter and adding new features and skills.
About Just Energy Group Inc.:
Established in 1997, Just Energy (NYSE: JE, TSX: JE) is an energy management solutions provider specializing in electricity, natural gas, solar and green energy. With offices located across the United States, Canada, and the United Kingdom, Just Energy serves approximately two million residential and commercial customers. The company offers a wide range of energy products and home energy management services including long-term fixed-price, variable price, and flat bill programs, smart thermostats, and residential solar solutions. Just Energy Group Inc. is the parent company of Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, Just Energy Solar, Tara Energy and TerraPass. Visit justenergygroup.com to learn more. Also, find us on Facebook and follow us on Twitter.
Logo - http://photos.prnewswire.com/prnh/20120416/FL87657LOGO
SOURCE Just Energy
HOUSTON, May 3, 2016 /PRNewswire/ -- Just Energy is pleased to announce that it is partnering with FilterEasy, a subscription-based service that delivers air filters directly to homes and businesses. The service will be available as an add-on option for Just Energy customers and complements the company's portfolio of innovative energy management solutions designed to deliver the best in value and convenience for consumers.
Regular air filter replacement is an important, yet often overlooked task. Now, customers can simply contact Just Energy and sign up. Members can select the filter of their choice, the required size for their home or business, and how often they'll be changed. The filters will be delivered to customers right at their doorstep, acting as a physical reminder to make the change, thereby simplifying the process and removing the hassle of having to keep track of their next scheduled switch. Customers will receive emails in advance to advise their shipment is on its way. Routine air filter replacement can help maintain home/business energy efficiency, avoid HVAC repairs and contribute to healthier indoor air quality.
"This latest service is one more way we are working hard to put greater control into the hands of our customers," says James Lewis, Co-CEO of Just Energy. "By simply changing their air filters regularly, home and business owners can help maintain the efficiency of their heating and cooling systems, which results in reduced energy expenses. We are constantly looking for innovative ways to enhance customer experiences and add value. With FilterEasy, subscribers save on time and money, giving them one less thing to worry about."
"Just Energy's forward thinking approach to customer engagement and support, exemplifies exactly what we're looking for in a partner," says Adam Tury, FilterEasy's Chief Growth Officer. "We're excited to support the Just Energy team in continuing to deliver cutting edge products and programs within the retail energy space."
The air filter orders typically ship within 12 business days. Customers can contact Just Energy directly with any customer service queries including billing, shipping, delivery, and tracking information.
The service is currently available in Texas under the company's Amigo Energy brand and will soon expand to other markets across the United States and Canada under the Just Energy brand.
With the achievement of certain sales milestones, Just Energy has the opportunity to gain ownership interest in FilterEasy. The ownership potential builds on the company's ability to offer a wider scope of energy management solutions for residential and commercial customers now, and well into the future.
About Just Energy Group Inc.:
Established in 1997, Just Energy (NYSE:JE, TSX:JE) is an energy management solutions provider specializing in electricity, natural gas, solar and green energy. With offices located across the United States, Canada, and the United Kingdom, Just Energy serves approximately two million residential and commercial customers. The company offers a wide range of energy products and home energy management services including long-term fixed-price, variable price, and flat bill programs, smart thermostats, and residential solar solutions. Just Energy Group Inc. is the parent company of Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, JE Solar, Tara Energy and TerraPass. Visit justenergygroup.com to learn more. Also, find us on Facebook and follow us on Twitter.
About FilterEasy:
FilterEasy is a membership based subscription service that delivers quality air filters directly to your home. After a painful and time-consuming experience buying air filters, founders Kevin Barry and Thad Tarkington began working on a service that would simplify the process. In March of 2014, FilterEasy.com was officially launched, giving members a one-stop shop for all their air filter needs. FilterEasy offers three different filter grades and creates a customized delivery schedule, enabling members to receive filters when it's the correct time for them to be changed.
FORWARD-LOOKING STATEMENTS
Just Energy's press releases may contain forward-looking statements including statements pertaining to customer revenues and margins, customer additions and renewals, customer attrition, customer consumption levels, general and administrative expenses, dividends, distributable cash and treatment under governmental regulatory regimes. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, levels of customer natural gas and electricity consumption, rates of customer additions and renewals, rates of customer attrition, fluctuations in natural gas and electricity prices, changes in regulatory regimes and decisions by regulatory authorities, competition and dependence on certain suppliers. Additional information on these and other factors that could affect Just Energy's operations, financial results or dividend levels are included in Just Energy's annual information form and other reports on file with Canadian securities regulatory authorities which can be accessed through the SEDAR website at www.sedar.com, on the U.S. Securities Exchange Commission's website at www.sec.gov or through Just Energy's website at www.justenergygroup.com.
Neither the Toronto Stock Exchange nor the New York Stock Exchange has approved nor disapproved of the information contained herein.
SOURCE Just Energy Group Inc.
Tackling Carbon Emissions to Reduce the Game's Environmental Impact
PHOENIX, Jan. 11, 2016 /PRNewswire/ -- Top-ranked Clemson and No.2 Alabama will be facing off amidst more than orange and crimson at the College Football Playoff National Championship. TerraPass, a member of the Just Energy Group of companies will be greening up the game with carbon offsets and renewable energy credits (RECs); mitigating the game's environmental impact. Playoff Fan Central, the CFP transportation fleet and competing teams' travel and accommodations will be "carbon neutral" thanks to offsets provided by Terrapass.
The carbon offsets and RECs from TerraPass provide financial support to renewable energy and emission reduction projects like wind, cow power and natural gas capture.
"We are pleased to, once again, partner with CFP to continue to help balance the emissions associated with the championship game," says Jeff Wolfe, President, TerraPass. "Colleges and universities are leading the way across America to fight climate change by reducing their impact on the environment. Funding emission reduction projects and renewable energy by utilizing TerraPass, is a comprehensive way to lower the carbon footprint of a large event such as the College Football Playoff National Championship. We look forward to continuing the tradition of fighting global climate change with CFP."
The College Football Playoff, in partnership with TerraPass, will offset enough carbon to fly the length of 130,000 football fields and light up 30,000 propane tanks for tailgating.
"Sustainability is one of the core principles of operations at the College Football Playoff National Championship," says Jack Groh, who leads sustainability efforts for the event. "We are reducing waste, offsetting energy emissions and creating a 'green' legacy through urban forestry projects. TerraPass is a key partner in those efforts."
About TerraPass
TerraPass, a provider of sustainable carbon emissions solutions since 2004, is one of Just Energy Group's green energy initiatives that can help us all work towards a cleaner planet by pursuing sustainable solutions to climate change. We support projects throughout North America that destroy greenhouse gases and produce renewable energy. The TerraPass products and services provide consumers and businesses with the options and ability to help them reduce the environmental impact of their everyday activities through carbon offsets and renewable energy credits.
Learn more at www.terrapass.com. Follow us on Facebook, Twitter and Pinterest. TerraPass is a registered trade name of Just Energy Resources LLC.
About Just Energy Group Inc.:
Established in 1997, Just Energy (NYSE:JE, TSX:JE) is an energy management solutions provider specializing in electricity, natural gas, solar and green energy. With offices located across the United States, Canada, and the United Kingdom, Just Energy serves approximately two million residential and commercial customers. The company offers a wide range of energy products and home energy management services including long-term fixed-price, variable price, and flat bill programs, smart thermostats, and residential solar solutions. Just Energy Group Inc. is the parent company of Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, JE Solar, Tara Energy and TerraPass.
Visit justenergygroup.com to learn more. Also, find us on Facebook and follow us on Twitter.
Logo - http://photos.prnewswire.com/prnh/20141015/152332LOGO
SOURCE TerraPass
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