Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

General Electric Company Shareholder Alert: Former SEC Attorney Willie Briscoe Investigates Possible Breaches of Fiduciary Duty by Officers and Directors

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2017 | 05:37pm CET

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against General Electric Company (“GE” or “Company”) (NYSE: GE) and several officers and directors for acts taken during the period of July 21, 2017 and October 20, 2017 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of GE. If you are an affected GE shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at [email protected] or call toll free at (888) 809-2750. There is no cost or fee to you.

In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants misrepresented and/or failed to disclose during the Class Period that: (1) GE’s various operating segments, including its Power segment, were underperforming Company projections, with order drops, excess inventories and increased costs; (2) as a result GE overstated its full year 2017 guidance; and, (3) consequently, Defendants’ statements about the Company’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On October 20, 2017, GE revealed its quarterly results for the third quarter 2017, divulging earnings per share (“EPS”) of $0.29, falling below earnings estimates of $0.49 per share. GE also lowered its 2017 earnings expectations, lowering EPS from $1.60-$1.70 to $1.05-$1.10. That same day, GE held a conference call to discuss its financial results. On the conference call, GE’s Chief Executive Officer, John Flannery, said that the Company was finalizing a review of its operations and that, “while the company has many areas of strength, it’s also clear from our current results that we need to make some major changes with urgency and a depth of purpose. Our results are unacceptable, to say the least.” Following this news, the Company’s stock dropped significantly.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
01:38aDJGENERAL ELECTRIC : Correction to GE's New Chief Sets Focus Article on Monday
11/17 GENERAL ELECTRIC : Federal Aviation Administration Issues Special Conditions for..
11/17 MR. ROBOT : Rodney Brooks Says Gentler, More Aware ‘Cobots’ Are Comi..
11/17 GENERAL ELECTRIC : The 5 Coolest Things On Earth This Week
11/17 GENERAL ELECTRIC : Riverbanks are newest PCB concern for Hudson
11/17 GENERAL ELECTRIC : Flannery Springs for More Shares in GE
11/17 DOW MOVERS : Ko, nke
11/17 GENERAL ELECTRIC COMPANY : SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LL..
11/17 GE shares rise after CEO Flannery buys stock
11/17 Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from ..
More news
News from SeekingAlpha
11/17 CEO John Flannery Buys 60K Shares Of Stock, Signaling It's A Buy
11/17 Has General Electric Hit Rock Bottom Yet?
11/17 GE's Flannery discloses 60K-share pruchase
11/17 GE : Tumbling Down The Rabbit Hole
11/17 Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2017 Update
Financials ($)
Sales 2017 124 B
EBIT 2017 11 836 M
Net income 2017 8 444 M
Debt 2017 68 291 M
Yield 2017 5,18%
P/E ratio 2017 26,24
P/E ratio 2018 18,83
EV / Sales 2017 1,82x
EV / Sales 2018 1,66x
Capitalization 158 B
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 22,7 $
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
John L. Flannery Chairman & Chief Executive Officer
Daniel Janki Treasurer & Senior VP-Global Operations
Jamie S. Miller Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPANY-42.37%157 919
3M28.44%136 609
SIEMENS-1.63%115 123
HONEYWELL INTERNATIONAL26.45%111 599
ILLINOIS TOOL WORKS INC.28.32%53 836
JARDINE STRATEGIC HOLDINGS LIMITED28.08%47 388