Case Page

 

Case Status:   
On or around 07/12/2018 (Other)

Filing Date: February 21, 2018

SCANA is an energy-based holding company that engages in electric and natural gas utility operations throughout South Carolina, North Carolina, and Georgia. SCANA operates through several wholly-owned subsidiaries, the largest and most significant being South Carolina Energy & Gas ("SCE&G"). SCE&G generates, transmits, distributes, and sells electricity to retail and wholesale customers.

On January 3, 2018, SCANA announced that defendant Dominion Energy, Inc. ("Dominion") agreed to purchase the Company in a stock for stock deal (the "Proposed Acquisition"). The Complaint alleges that the Proposed Acquisition is designed to unlawfully divest SCANA's public stockholders of their holdings without providing them the maximized value they are entitled to and without adequate information to evaluate the transaction.

On June 27, 2018, the Court issued an Order remanding this action to State Court.

COMPANY INFORMATION:

Sector: Utilities
Industry: Electric Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SCG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. South Carolina
DOCKET #: 18-CV-00501
JUDGE: Hon. Margaret B Seymour
DATE FILED: 02/21/2018
CLASS PERIOD START: 01/03/2018
CLASS PERIOD END: 02/21/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Griffin & Davis LLC
    P. O. Box Office 999, Griffin & Davis LLC, SC 29202
    803.744.0800 803.744.0805 ·
  2. Richard A. Harpootlian, P.A.
    Post Office Box 1040, Richard A. Harpootlian, P.A., SC 29202
    803.252.4848 803.252.4810 ·
  3. Robbins Arroyo LLP
    600 B Street, Suite 1900, Robbins Arroyo LLP, CA 92101
    619.525.3990 619.525.3991 ·
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