Recent Securities Litigations
Pattern Energy Group Inc. (NASDAQ: PEGI)
According to the Complaint, Pattern Energy Group Inc. is an independent power company.
Plaintiff brings this class action on behalf of the public stockholders of Pattern Energy Group Inc. against Pattern’s Board of Directors for their violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, arising out of the Board’s attempt to merge Pattern into Defendant Canada Pension Plan Investment Board, cashing out all of the common stock of Pattern and delisting Pattern from the NASDAQ.
The Complaint alleges that on December 13, 2019, Defendants caused a materially incomplete and misleading preliminary proxy statement to be filed with the United States Securities and Exchange Commission.