We are investigating Just Energy Group Inc. (JE) (“Just Energy” or the “Company”) for potential violations of the federal securities laws.
On July 23, 2019, Just Energy disclosed that it had “identified customer enrollment and non-payment issues, primarily in Texas, over the past 12 months” and consequently expected an impairment charge of CAD $45 to $50 million to its Texas residential accounts receivable. On this news, Just Energy’s stock price fell $0.66 per share, or 15.07%, to close at $3.72 per share on July 23, 2019.