Haeggquist & Eck, LLP Investigates General Electric’s Board for Breach of Fiduciary Duty Following Announcement of Expansio...
December 03 2018 - 9:00AM
Business Wire
Haeggquist & Eck, LLP, a leading shareholder rights
litigation firm, is investigating whether certain directors and
officers of General Electric Company (“GE” or the “Company”) (NYSE:
GE) breached their fiduciary duties to the Company and its
shareholders. If you are a GE shareholder, you are encouraged to
contact Haeggquist & Eck for additional information.
Haeggquist & Eck is investigating whether members of the GE
Board allowed the Company to make false statements and/or failed to
disclose material accounting information relating to: (1) the $22
billion charge the Company booked in Third Quarter of 2017 tied to
acquisitions in GE’s power unit; and (2) the $6 billion charge that
GE took in the First Quarter of 2018 for a shortfall in insurance
reserves. The Securities Exchange Commission (“SEC”) and the
Department of Justice (“DOJ”) have both opened investigations into
GE’s accounting practices in the wake of these announcements.
The SEC is also investigating GE’s revenue recognition and its
controls for long-term service agreements.
What You Can Do
If you are a GE shareholder, you may have claims against the
Company’s directors and officers. If you wish to discuss this
notice or if you have questions about this notice or your legal
rights, please contact Amber Eck at 619-342-8000 or e-mail her at
ambere@haelaw.com. There is no cost or obligation to you.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do
not guarantee a similar outcome.
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005038/en/
Haeggquist & Eck, LLP619-342-8000Amber Eck,
ambere@haelaw.com
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