Welcome to the website for the Portland General Electric Securities Settlement, pending in the United States District Court for the District of Oregon (the “Court”).

The purpose of this website is to inform you of the pendency of this class action (the “Action”) between Lead Plaintiff Public Employees’ Retirement System of Mississippi and Defendants Portland General Electric Company (“PGE”), Maria Pope and James Lobdell (“Defendants”).

If you purchased or otherwise acquired PGE common stock between February 13, 2020 and August 24, 2020, inclusive, and were damaged thereby, you could receive a payment from a class action settlement. Certain persons are excluded from the Class as set forth in FAQ 4.

Pursuant to the Settlement described herein, a $6.75 million Settlement Fund has been established based on Lead Plaintiff’s estimate of the number of PGE shareholders eligible to recover under the Settlement.

The Court has not decided whether Defendants did anything wrong, and the Notice sent to potential Class Members is not an admission by Defendants or an expression of any opinion of the Court concerning the merits of the Action.

The Frequently Asked Questions (FAQs) page of this website has more information on your rights as a Class Member in this Action.

Your Legal Rights and Options in this Settlement
Submit a Proof of Claim Form

The only way to be eligible to receive a payment from the Settlement. Proof of Claim forms must be postmarked (if mailed) or submitted online no later than December 21, 2021.

Exclude Yourself Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement. Should you elect to exclude yourself from the Class you should understand that Defendants will have the right to assert any and all defenses they may have to any claims that you may seek to assert, including, without limitation, the defense that any such claims are untimely under applicable statutes of limitations and statutes of repose. Exclusions must be postmarked on or before February 11, 2022.
Object Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and expenses. You will still be a Settlement Class Member. Objections must be received by the Court on or before February 11, 2022. If you submit a written objection, you may (but do not have to) attend the hearing.
Go to the Hearing on March 11, 2022 Ask to speak in Court about the fairness of the Settlement. Requests to speak must be received by the Court and counsel on or before February 11, 2022.
Do Nothing Receive no payment. You will, however, still be a Settlement Class Member, which means that you give up your right to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Action.