NEW YORK–(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 email@example.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.