Lawsuit for Porter Ranch Homeowners and Lawsuit for Investors in Sempra Energy (NYSE:SRE) Shares Announced by Shareholders Foundation

SAN DIEGO, Feb. 29, 2016 -- The Shareholders Foundation, Inc. announces that a consumer lawsuit was filed for homeowners in Porter Ranch that have been affected by the gas leak from a Southern California Gas Company well at the Aliso Canyon facility and that a separate lawsuit was filed for investors in shares of Sempra Energy (NYSE:SRE) against certain directors of Sempra Energy over alleged wrongdoing in connection with the gas leak.

If you are a home owner in Porter Ranch that has been affected by the gas leak, you have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

If you are a current long-term investor in shares of Sempra Energy (NYSE:SRE), you have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On October 23, 2015, Sempra Energy's subsidiary Southern California Gas Company (“SoCalGas”) discovered a natural gas leak from a well at the Aliso Canyon facility near the Porter Ranch neighborhood in Los Angeles. After local residents reported symptoms including headaches, nausea, and severe nosebleeds, hundreds of families were relocated from the area as SoCalGas attempted to seal the well.

On December 12, 2015, the United States Environmental Protection Agency (“EPA”), the federal agency that oversees the vast majority of SoCalGas’ pipelines and storage facilities, publicly released a request for information to SoCalGas.

On January 6, 2016, California Governor Jerry Brown declared a state of emergency due to the continuing noxious leak.

On February 11, 2016, Southern California Gas Company announced that a relief well had "intercepted the base of the leaking well" and operators were pumping fluids to temporarily keep the gas from leaking. Then on February 18, 2016, the California Division of Oil, Gas and Geothermal Resources (DOGGR) confirmed that the well that had been leaking at the Southern California Gas Co. Aliso Canyon storage facility had been permanently sealed and taken out of service.

On February 26, 2016, the CEO of Sempra Energy said in a conference call that its cost could reach as high as $330 million for a historic natural gas leak.

Those who are Porter Ranch home owners OR investors in shares of Sempra Energy (NYSE:SRE) should contact the Shareholders Foundation, Inc. at [email protected] or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT: 
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108