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Investigations  /  08.05.2019

Shareholder Investigation of Just Energy Group, Inc.

Just Energy Group Inc. (JE) Accused of Improper Accounting Practices

According to the complaint, for alleged violations of the Securities Exchange Act of 1934 between November 9, 2017 and July 23, 2019, Just Energy had affirmed and reaffirmed its internal control over financial reporting. In its May 2019 40-F, Just Energy revealed that it had discovered and remediated deficiencies in its internal control over financial reporting. However, this revelation failed to disclose the true picture. On July 23, 2019, Just Energy announced that it had identified customer enrollment and non-payment issues that would result in an impairment charge of up to CAD $50 million. On this news, Just Energy’s share price fell over 15% to close at $3.72 per share.

Just Energy Group Inc. (JE) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder Information form below.

Shareholder Information

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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