On or around 07/23/2020 (Date of last review)
Filing Date: November 22, 2019
According to the Complaint, Deloitte & Touche LLP is the leading auditor of financial statements for the investor-owned electric utility industry in the United States. Deloitte has served as the auditors of SCANA Corporation since 1945.
The Complaint alleges that Deloitte issued unqualified audit reports on SCANA and SCE&G’s financial statements for the years ending December 31, 2014, December 31, 2015, December 31, 2016 and December 31, 2017, certifying that it had audited those statements in accordance with the standards of the Public Company Accounting Oversight Board for the United States (“PCAOB”) and that the statements presented the financial position of SCANA and SCE&G fairly and in conformity with Generally Accepted Accounting Principles (“GAAP”).
On February 18, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on May 19.
Company & Securities Information
Defendant: Deloitte & Touche LLP
Industry: Business Services
Headquarters: United States
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.
First Identified Complaint
Samuel R Floyd, III, et al. v. Deloitte & Touche LLP, et al.
COURT: D. South Carolina
DOCKET #: 19-CV-03304
JUDGE: Hon. Margaret B Seymour
DATE FILED: 11/22/2019
CLASS PERIOD START: 02/27/2015
CLASS PERIOD END: 12/20/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gordon Ball, LLC
Jessee & Jessee
Law Offices of Daryl G. Hawkins, LLC
Sullivan Law Firm, PC
First Identified Complaint (FIC) Filings:
Class Action Securities Complaint
Order Appointing International Brotherhood of Electrical Workers Local 98 Pension Fund as Lead Plaintiff and Approving Selection of Counsel
U.S. District Court Civil Docket
International Brotherhood of Electrical Workers Local 98 Pension Fund, et al. v. Deloitte & Touche LLP, et al.