NEW YORK, April 20, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of NRG Yield, Inc. ("NRG Yield" or the "Company") (NYSE: NYLD). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether NRG Yield and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 29, 2015, NRG sold just under 28.2 million shares of stock at $22.00 per share in its Class C Common Stock Offering (the "Offering"), raising $600 million in new capital. On August 4, 2015, the Company presented its Q2 2015 earnings results, disclosing material facts and trends concerning "historically low wind speeds" during the second quarter of 2015, including that the resulting poor wind production would have a significant adverse impact on NYLD's performance and results for the second quarter of 2015."
On April 20, 2016, NRG's stock closed at $14.71, a decline of 33.14% since the Offering.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP