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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of National Grid plc - NGG
National GridNational Grid(US:NGG) GlobeNewswire News Room·2025-07-18 16:00

Core Insights - National Grid plc is under investigation for potential securities fraud and unlawful business practices following a fire incident at Heathrow Airport [1][3] - The fire was attributed to a known fault at an electrical substation owned by National Grid, which the company had been aware of since 2018 but failed to address [3] - Following the news of the investigation and the fire, National Grid's American Depositary Receipt (ADR) price dropped by $3.77, or 5.07%, closing at $70.61 on July 2, 2025 [4] Investigation Details - Pomerantz LLP is leading the investigation on behalf of investors, focusing on the actions of National Grid and its officers/directors [1] - The investigation is prompted by allegations of securities fraud related to the company's failure to rectify known issues with its infrastructure [1][3] Legal Context - The National Energy System Operator (NESO) published a report detailing the findings of the fire investigation, which may lead to legal action from Heathrow Airport against National Grid [3] - Pomerantz LLP has a long history in corporate and securities class litigation, emphasizing its commitment to fighting for victims of corporate misconduct [5]