Levi & Korsinsky notifies investors that it has commenced an investigation into CenterPoint Energy, Inc. (NYSE: CNP) concerning potential violations of the federal securities laws.
Hurricane Beryl made landfall in Texas as a Category 1 storm on July 8, 2024. The impact of the storm left roughly 2.2 million CenterPoint customers without power. Six days after the storm, some 270,000 homes and businesses in the Houston area were still without power. At a press conference on July 14, 2024, Texas Governor Greg Abbott said that he was demanding an investigation into CenterPoint's response to Hurricane Beryl. Among other comments, Governor Abbott said that CenterPoint did not have "an adequate number of workers pre-staged" before the storm hit. Following this news, CenterPoint's stock price dropped over 6% on July 15, 2024.
If you suffered a loss on your CenterPoint securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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