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In Re Southern Company Shareholder Derivative Litigation
Case Number:
1:17-cv-00725
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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January 24, 2022
Southern Co. To Enact Reforms To Settle Suit, Investors Say
Energy giant Southern Co. has agreed to institute a number of corporate governance reforms to settle an investor suit over claims that its top brass made misstatements tied to a planned "clean coal" facility that missed its completion deadline and soared past its budget, according to a memo filed in Georgia federal court.
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March 01, 2017
Southern Co. Hit With Derivative Suit Over Coal Plant Delay
A Southern Co. investor has alleged in a Georgia federal derivative suit that the energy company's top brass covered up that a planned coal facility would miss its completion deadline and more than double the $2.88 billion budget cap set by state regulators.