January 26, 2021
A South Carolina utility has agreed to pay $2 million to investors to settle allegations it misled them about liabilities associated with a now-defunct nuclear reactor project while selling mini bonds, according to a filing in federal court.
February 26, 2020
A South Carolina power utility and a former top executive can't escape a proposed securities class action from bond buyers who say they were misled about a doomed nuclear project, a federal court has ruled, finding internal communications cited in the suit suggested possible duplicity.
April 17, 2019
A South Carolina utility and its former CEO have been slapped with a proposed securities class action in federal court accusing them of hiding from mini-bond buyers the fact that an ultimately abandoned nuclear reactor project suffered from significant delays and "radical and indefensible mismanagement."