Class Period: Sep 2, 2011 to Mar 9, 2012
Lead Plaintiff Deadline: May 29, 2012 + Deadline passed
Summary of Case:
A securities class action has been filed against Dynegy Inc. ("Dynegy" or the "Company") on behalf of all persons who purchased or otherwise acquired Dynegy common stock between September 02, 2011 and March 09, 2012. This case has been filed in the USDC - California (Central).
The Complaint alleges as follows: Throughout the Class Period, Defendants failed to disclose that Dynegy's wholly owned subsidiary fraudulently transferred direct ownership in one of Dynegy's indirectly owned subsidiaries directly to Dynegy. After the truth regarding Dynegy's acquisition was disclosed to the public, unsuspecting investors watched the price of Dynegy's common stock drop from a Class Period high of$5.99 per share to $0.76 on March 9,2012, a decline of approximately 87%. Through this action, Plaintiff seeks to recover for himself and absent Class members the devastating losses that were suffered as a result of the Company's and its officers' fraud.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.