On or around 08/02/2019 (Ongoing date of last review)
Filing Date: February 01, 2019
Plaintiff's law firm issued a press release on February 1, 2019, announcing the filing of the lawsuit. According to the press release, the Complaint alleges that GE and its Chief Executive Officer violated the Securities Exchange Act of 1934 by issuing false and misleading statements relating to the U.S. Securities and Exchange Commission's expanded investigation into the Company's accounting practices, including investigating GE's $23 billion goodwill impairment charge. The Company announced the Power Charge on October 1, 2018, and the SEC investigation began shortly after.
On April 25, 2019, the Court issued Orders consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on June 21.
Company & Securities Information
Defendant: General Electric Company
Industry: Electronic Instruments & Controls
Headquarters: United States
Ticker Symbol: GE
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Ezra Birnbaum, et al. v. General Electric Company, et al.
COURT: S.D. New York
DOCKET #: 19-CV-01013
JUDGE: Hon. Denise L. Cote
DATE FILED: 02/01/2019
CLASS PERIOD START: 10/12/2018
CLASS PERIOD END: 10/29/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Keller Lenkner LLC 150 N. Riverside Plaza, Suite 2570, Keller Lenkner LLC, IL 60606 312.741.5222 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint
U.S. District Court Civil Docket
Order of Consolidation
Case Management Order
In re General Electric Company Securities Litigation