Exelon Execs Want Out Of Derivative Suit Over Lobbying

Law360 (July 15, 2020, 5:04 PM EDT) -- Exelon Corp.'s top brass have urged an Illinois federal judge to drop a shareholder's derivative suit over their alleged failure to disclose lobbying activities to regulators, arguing that the shareholder never brought his demand to the energy provider's board of directors before filing suit.

In bringing derivative claims against the board on behalf of the company, investor Jack Feintuch is required to show that he made his concerns known to the board or that doing so would cause "immediate and irreparable harm" to Exelon, the executives said in a dismissal bid Tuesday.

And because Exelon is a Pennsylvania-incorporated company, Feintuch's claims...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!