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Dominion Tie-Up Can't Stop SCANA Nuke Suit, Investor Says

Law360 (May 21, 2019, 7:39 PM EDT) -- A South Carolina utility's acquisition by Dominion Energy Inc. can't stop a proposed class action accusing former executives and board members of mismanaging a scuttled nuclear power plant project and rushing through an undervalued merger, an investor said in a complaint removed to South Carolina federal court Monday.

The derivative suit originally lodged in state court by Belgian asset management firm KBC Asset Management NV is one of several suits former board members and executives of SCANA Corp. face over the project to build two nuclear reactors at the V.C. Summer Nuclear Generating Station in South Carolina, which SCANA and fellow Palmetto State...

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