LOS ANGELES, March 19, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Just Energy Group, Inc. ("HCSG" or the "Company") (NYSE: JE) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: email@example.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Just Energy issued a press release on March 10, 2021 "announc[ing] that it has received notice from the Toronto Stock Exchange (the 'TSX') that a meeting of the Continued Listing Committee of the TSX is scheduled to be held on March 15, 2021 to consider whether or not to delist the securities of the Company from the TSX." This press release also advised investors that "[t]he Company has also received notice from the New York Stock Exchange (the 'NYSE') that the staff of NYSE Regulation has determined to commence proceedings to delist Just Energy's shares from the NYSE. The staff of NYSE Regulation has determined that the Company is no longer suitable for listing due to receiving creditor protection via an Initial Order under the Companies' Creditors Arrangement Act from the Ontario Superior Court of Justice (Commercial List) and under Chapter 15 of the Bankruptcy Code in the United States."
On March 11, 2021, Just Energy's stock price fell $0.69 per share, or 26.54%, on this news, to close at $1.91 per share.
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