Scott+Scott, Attorneys at Law, LLP Announces Investigation of Sempra Energy
February 09 2016 - 10:26AM
Business Wire
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national
shareholder and consumer rights litigation firm, announces the
commencement of an investigation into Sempra Energy (NYSE:SRE)
(“Sempra”) to determine whether Sempra’s Officers and Directors
have breached their fiduciary duties owed to Sempra and its
shareholders. If you are a Sempra shareholder, you are encouraged
to contact Scott+Scott for additional information.
Sempra (NYSE:SRE) is an energy services holding company which,
through its subsidiaries, generates electricity, delivers natural
gas, operates natural gas pipelines and storage facilities, and
operates a wind power generation project. Its subsidiary, Southern
California Gas Co. (“SoCalGas”), is the largest natural gas
distribution utility in the United States.
On October 23, 2015, a natural gas leak was discovered at the
Aliso Canyon facility – the second-largest gas reserve in the
United States, operated by SoCalGas – triggering the relocation of
hundreds of families in the surrounding area, due to the release of
roughly 25% of California’s total daily gas emissions into the
atmosphere from this single leak.
On December 12, 2015, the United States Environmental Protection
Agency (“EPA”), the federal agency that oversees the vast majority
of SoCalGas’ pipelines and storage facilities, publicly released a
request for information to SoCalGas, announcing that it was
conducting an investigation of the natural gas release at the Aliso
Canyon facility in order to protect the public, property, and the
environment from potential hazards arising from the leak.
Finally, on January 6, 2016, Governor Jerry Brown declared a
state of emergency due to the continuing noxious leak, calling for
increased emergency regulations regarding the storage of natural
gas in storage wells as a result of the Aliso Canyon leak.
What You Can Do
If you are a long-term Sempra shareholder, you may have legal
claims against Sempra’s Officers and Directors. If you wish to
discuss this investigation, or have questions about this notice or
your legal rights, please contact attorney Scott Jacobsen at (800)
404-7770 or (646) 582-0119, or at sjacobsen@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds,
foundations, individuals, and other entities worldwide.
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Scott+Scott, Attorneys at Law, LLPScott Jacobsen,
646-582-0119sjacobsen@scott-scott.com
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