Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”) announces that KSF has commenced an investigation into Gas Natural Inc. (AMEX: EGAS).
On November 15, 2013, Gas Natural announced that an Opinion and Order had been issued by the Public Utilities Commission of Ohio (PUCO) in relation to gas cost recovery cases involving two of the Company’s operating subsidiaries, which concluded that “there is a severe organizational dysfunction within the companies and between the regulated companies and their non-regulated affiliates.”
Then on November 19, 2013, the Company filed its Form 10-Q, announcing its financial results for the quarter ended September 30, 2013. The Company also announced that the PUCO Order, among other recommendations, suggested that Gas Natural investigate and commence a forensic audit of the subsidiaries, related companies, and the Company’s internal controls.
KSF’s investigation is focusing on whether Gas Natural’s officers and/or directors breached their fiduciary duties to Gas Natural’s shareholders or otherwise violated state or federal laws.If you have information that would assist KSF in its investigation, or have been a long-term holder of Gas Natural shares and would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn ( firstname.lastname@example.org) or KSF Partner Melinda Nicholson ( email@example.com) toll free at 1-877-515-1850. About Kahn Swick & Foti, LLC KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders. To learn more about KSF, you may visit www.ksfcounsel.com.