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. Defendants filed a Motion to Dismiss the consolidated Complaint on July 20. On November 17, the Court denied Defendants' Motion to Dismiss.

On April 30, 2021, Plaintiff filed a Motion for Class Certification. On March 8, 2022, the Court issued an Order denying Plaintiff's Motion for Class Certification.

Defendants filed a Motion to Dismiss the consolidated Complaint on May 26, 2022. On August 7, 2023, the Court issued an Order denying Defendants' Motion to Dismiss.

Lead Plaintiff filed a Motion for Class Certification on January 15, 2024. On November 12, the Court issued an Order granting the Motion for Class Certification.