Suit filed after GE stock plunges

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The shareholder law  firm Grant & Eisenhofer, P.A. has filed a securities class action today on behalf of The Cleveland Bakers and Teamsters Pension Fund against General Electric Company and some  of its current and former senior executives.

Grant & Eisenhofer has an office in Wilmington.

GE has been struggling with pension obligations that are aslo hampering plans to sell of some of its businesses. The news has led to a drop in GE share prices.

The action, filed in the United States District Court for the Southern District of New York, is brought on behalf of all persons or entities who purchased or acquired publicly traded GE securities, including GE common stock, during the period between February 26, 2013 and January 24, 2018.

 Defendants are General Electric, former GE Chief Executive Officer Jeffery Immelt and GE’s current CEO John Flannery, as well as the company’s former Chief Financial Officer Jeffery Bornstein and its current CFO Jamie Miller
 

Those with questions about this notice, this action, or your rights can contact Grant & Eisenhofer at  www.gelaw.com.

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