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FirstEnergy Corp.

Case Summary

FirstEnergy Corp. Securities Litigation

Case Summary

Case Status:    ONGOING    
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.

COMPANY INFORMATION:

Sector: Utilities
Industry: Electric Utilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: FE
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

Diane Owens, et al. v. FirstEnergy Corp., et al.

COURT: S.D. Ohio
DOCKET #: 20-CV-03785
JUDGE: Hon. Algenon L. Marbley
DATE FILED: 07/28/2020
CLASS PERIOD START: 02/21/2017
CLASS PERIOD END: 07/21/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Ademi & O'Reilly, LLP
  2. Murray Murphy Moul + Basil LLP (Columbus)
  3. Robbins Geller Rudman & Dowd LLP (Melville)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Federal Securities Laws 07/28/2020
2 Related Case Memorandum 09/08/2020
3 Related Case Memorandum 10/08/2020
4 U.S. District Court Civil Docket 10/21/2020
5 Related Case Memorandum 11/02/2020
6 U.S. District Court Civil Docket 11/03/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

Cases