#USA #New York #Rosen Law Firm #Securities Class Action #National Grid

Rosen Law Firm Investigates National Grid plc Securities Claims

The Rosen Law Firm, a notable player in advocating for investor rights globally, has opened an investigation into potential securities claims on behalf of National Grid plc shareholders. This inquiry comes on the heels of major allegations that the company may have provided the investing public with materially misleading business information.

Background on the Investigation

Recently, an article by Reuters highlighted a concerning incident regarding National Grid and an electrical substation failure that led to a significant fire at London’s Heathrow Airport. This fire not only stranded thousands of travelers but was also revealed in an official report to have been a preventable incident stemming from National Grid's lack of maintenance for the substation. The UK Energy Minister, Ed Miliband, labeled the findings from this report as 'deeply concerning.' He noted that the underlying issues that caused this incident had been identified seven years prior but were ignored by the operator.

Due to this damaging news, the share price of National Grid’s American Depositary Shares (ADSs) fell by 5% on July 2, 2024. This raises critical concerns for existing shareholders regarding the potential financial impact that these revelations may have on their investments.

Options for Investors

Those who purchased securities of National Grid plc during a specific timeframe and believe they may have incurred financial losses because of misleading information are encouraged to reach out. The Rosen Law Firm is preparing a class action lawsuit aimed at recovering investor losses without requiring out-of-pocket expenditures from participants due to their contingency fee arrangement. This means that costs will only be covered if the case is successful, ultimately allowing shareholders to pursue claims that they might not otherwise consider.

To participate in this prospective class action or to inquire further, shareholders can visit their official website or contact attorney Phillip Kim for assistance. This engagement not only provides a path for potential recovery but also ensures that investors can make informed decisions moving forward.

Why Choose Rosen Law Firm?

Selecting the right legal representation is crucial in securities class action lawsuits. The Rosen Law Firm stands out due to its experience with significant securities class actions and its commitment to securing justice for investors. The firm previously achieved a record settlement against a Chinese company and has consistently ranked among the top law firms specializing in securities class action settlements. In 2019, the firm recovered over $438 million for investors, showcasing its efficacy and dedication.

The firm’s founding partner, Laurence Rosen, has been recognized as a Titan of the Plaintiffs' Bar by Law360, solidifying the firm’s stature in this legal arena. Many lawyers within the organization have earned accolades from distinguished legal publications, further reinforcing their expertise and credibility in handling complex securities litigation.

Stay Informed

Investors are encouraged to follow news and updates from the Rosen Law Firm through their social media platforms on LinkedIn, Twitter, and Facebook to stay informed about the class action developments and other relevant legal matters that may affect their investor rights.

Conclusion

The situation surrounding National Grid plc presents both a challenge and an opportunity for affected investors. With the Rosen Law Firm’s establishment of an investigation into securities claims, shareholders are urged to examine their options carefully. In a landscape that can often be unfurling and unpredictable, informed action is essential for safeguarding one’s investments.

For those impacted, taking the steps towards accountability and transparency through legal recourse can lead to recovery and reassurance in the investor landscape.

Contact Information
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll-Free: (866) 767-3653
Email: [email protected]
Website: www.rosenlegal.com