On November 7, 2016, Pattern reported its 2016 third quarter financial and operating results and revealed a material weakness in internal controls over financial reporting. The Company said that its internal controls were "not effective as of September 30, 2016, due to the aggregation of internal control deficiencies related to the implementation, design, maintenance and operating effectiveness of various transaction, process level, and monitoring controls." Following this news, Pattern stock dropped $0.76 per share, or 3.52%, to close at $20.86 on November 7, 2016.
If you are aware of any facts relating to this investigation, or purchased Pattern shares, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/pegi. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
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