According to the Complaint, Just Energy Group Inc. 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, the Complaint alleges Defendants 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.

This case was voluntarily dismissed on November 20, 2019. A related case continues under Docket 19-CV-08236.

On December 12, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel.

On February 12, 2020, this case was transferred to the Southern District of Texas. The case is docketed under 20-CV-00590. On April 22, the Court issued an Order consolidating cases. Lead Plaintiff filed a consolidated amended Complaint on July 27. On March 29, 2021, Defendants filed a notice regarding the Company's Bankruptcy Proceedings. The Court issued an Order staying the case due to Bankruptcy Proceedings on July 14.

The parties stipulated to voluntarily dismiss the action on January 29, 2024.