On or around 09/15/2020 (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.
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
"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.