NEW YORK, April 22, 2016 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against NRG Yield, Inc. (“NRG” or the “Company”) (NYSE:NYLD) on behalf of purchasers of NRG Class C common stock pursuant to and/or traceable to NRG’s June 29, 2015 Offering. The lawsuit seeks to recover damages for NRG investors under the federal securities laws.
According to the Complaint, the documents filed in connection with the Offering contained materially false and misleading statements and/or failed to disclose material facts and trends concerning historically low wind speeds during the second quarter of 2015 and that such poor wind production would have a significant adverse impact on NRG’s performance and results for the second quarter of 2015. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
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