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Birnbaum v. General Electric Company et al
Case Number:
1:19-cv-01013
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bernstein Litowitz
- Cohen Milstein
- Faruqi & Faruqi
- Keller Postman
- Latham & Watkins
- Levi & Korsinsky
- Pomerantz LLP
- Saxena White
Companies
Sectors & Industries:
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May 08, 2020
GE Beats Investors' Stock-Drop Suit Over $22B Write-Down
A New York federal judge on Thursday tossed a suit from investors claiming General Electric Co. concealed problems with a gas turbine and delayed a $22 billion charge, finding that investors hadn't adequately alleged the company intentionally made material misstatements or omissions ahead of a drop in its stock prices.
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October 28, 2019
GE Investors Fight To Keep Suit Over $22B Write-Down Alive
Investors in General Electric Co. urged a New York federal court to keep alive their suit accusing it of concealing problems with a gas turbine and delaying a $22 billion charge, arguing Friday that the suddenness of the write-down proves there was a cover-up.
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August 05, 2019
GE Says 'Business Challenges' Aren't Securities Fraud
General Electric Co. told a New York federal court Friday to toss a shareholder lawsuit alleging it hid issues with a gas turbine and delayed taking a $22 billion charge related to its power business, calling it an "effort to portray business challenges as securities fraud."
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February 01, 2019
GE Downplayed SEC, DOJ Inquiries Into Alstom Merger: Suit
General Electric Co. and CEO H. Lawrence Culp Jr. failed to promptly disclose the full extent of an investigation into the energy giant's 2015 acquisition of French multinational company Alstom Energy, an investor said Friday in a stock-drop suit filed in New York federal court.