On or around 12/14/2020 (Date of last review)
Filing Date: July 28, 2020
According to the Complaint, FirstEnergy Corp. is an electric utility company headquartered in Akron, Ohio.
The Complaint alleges that during the Class Period, Defendants issued materially false and misleading statements regarding FirstEnergy’s internal controls, business practices and prospects. Specifically, the Complaint alleges Defendants touted FirstEnergy’s legislative “solutions” to problems with its nuclear facilities, but failed to disclose that these “solutions” centered on an illicit campaign to corrupt high-profile state legislators in order to secure legislation favoring the Company.
On November 23, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: FirstEnergy Corp.
Industry: Electric Utilities
Headquarters: United States
Ticker Symbol: FE
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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