Johnson & Perkinson Announces Impending Deadline in Class Action Litigation Naming General Electric Company

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Wed Apr 29, 2009 10:02am EDT

  SOUTH BURLINGTON, VT, Apr 29 (MARKET WIRE) -- 
Johnson & Perkinson hereby announces the filing of a class action lawsuit
naming General Electric Company ("GE" or the "Company") (NYSE: GE). The
action, docket numbered 09-CIV-4152, was filed in the United States
District Court for the Southern District of New York. Individuals,
families, trusts or other entities that purchased GE common stock between
January 23, 2009 and February 27, 2009 (the Class Period) inclusive, and
have substantial losses, have the opportunity to participate as Lead
Plaintiffs in the currently pending class action litigation against the
Company. To do so, you must apply to serve in that capacity by May 4,
2009.

    The complaint alleges that during the Class Period, Defendants issued
numerous materially false and misleading statements regarding the safety
of the GE dividend, a priority to maintain the dividend, and that the
dividend represented a good shareholder return, which caused GE's
securities to trade at artificially inflated prices. The statements and
omissions were materially false and misleading in that they assured
investors that the dividend could be maintained without straining the
company, and failed to timely disclose the material adverse facts that
Defendants would need to cut the common stock dividend in 2009 in light
of GE's financial condition.

    Johnson & Perkinson, a law firm based in South Burlington, Vermont, has
extensive experience prosecuting investor class actions and actions
involving financial fraud. Attorneys Johnson and Perkinson are both former
employees of the Securities and Exchange Commission. Dedicated to
maximizing shareholder return, members of Johnson & Perkinson have
prosecuted complex class actions alleging securities or consumer
fraud/deception on behalf of investors/consumers against numerous public
companies since 1985, resulting in the recovery of many hundreds of
millions of dollars, and have been singled out for excellence by various
courts. The firm is litigating, or has recently resolved litigation, as
Lead or Co-Lead Counsel in securities class actions against Xerox,
Priceline, Wireless Facilities, i2 and Xchange, and served on the
Executive Committee in the Global Crossing case.

    If you wish to discuss this action or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Johnson & Perkinson attorney Eben F. Duval via email at
email@jpclasslaw.com; through our website at www.jpclasslaw.com; toll free
at 1-888-459-7855; or by mail at Johnson & Perkinson, 1690 Williston Road,
P.O. Box 2305, South Burlington, Vermont 05403. Attorneys at Johnson &
Perkinson can help you decide if seeking appointment as a Lead Plaintiff
is right for you. Your ability to share in any recovery is not affected by
your decision to not seek appointment as a Lead Plaintiff.

    

Contact:
Eben F. Duval
802-862-0030
Email Contact

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