| Company Name: |
SCANA Corporation |
| Court: |
United States District Court for the District of South Carolina |
| Case Number: |
17-cv-02616 |
| Judge: |
The Hon. Margaret B. Seymour |
| Class period: |
Between October 27, 2015- December 20, 2017 |
| Security Type: |
Common stock |
|
Case Background:
On September 27, 2017, the initial complaint in this securities class action was filed against SCANA Corporation (“SCANA”), and certain of SCANA’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. Lead Plaintiffs allege that defendants made a series of alleged misstatements and omissions during the class period regarding the progress and oversight of the Nuclear Project, and that the class suffered damages when the truth regarding the Nuclear Project was publicly disclosed.
Current Status of Case:
On December 20, 2019, the Parties entered into an agreement to settle this matter for $192,500,000, with $160,000,000 being paid in cash and $32,500,000 being paid in cash or shares of freely-tradeable Dominion Energy, Inc. On July 23, 2020, the Court entered an Order and Opinion approving the Settlement.
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CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com