January 24, 2022
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.
March 01, 2017
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.