January 11, 2024
FirstEnergy Corp. investors asked an Ohio federal judge who certified their class claims stemming from the company's role in a high-profile bribery scandal to clarify that the court didn't assume the damages methodologies for claims under different federal securities statutes were interchangeable, as FirstEnergy has claimed in its appeal to the Sixth Circuit.
January 03, 2024
FirstEnergy Corp. has again urged an Ohio federal judge to pause an investor class action brought against it over its role in a notorious bribery scheme by the Buckeye State's house speaker, arguing that its pending appeal of class certification could alter the case "in almost every respect."
December 04, 2023
An Ohio federal judge and a magistrate judge have asked a special master to issue a report and recommendation on a bid by FirstEnergy Corp. to stay all discovery in an investor suit over the company's involvement in a massive bribery scheme to bail out two failing nuclear energy plants, while the utility company appeals class certification.
November 29, 2023
First Energy investors suing the company over the massive bribery scheme to bail out two failing nuclear energy plants can get documents relating to an internal investigation conducted by two major law firms, a special master ruled on Wednesday, reasoning that the company had not sufficiently proved that the materials are shielded by attorney-client privilege.
November 17, 2023
The Sixth Circuit agreed Thursday to weigh in on whether a lower court was right to certify a class of FirstEnergy investors who say they lost money when it was revealed that the company had bribed Ohio officials to secure a $1 billion bailout of two failing nuclear plants.
May 09, 2023
A nonprofit formed to funnel FirstEnergy Corp. money to Ohio public officials in a $60 million bribery scandal has two weeks to turn over to shareholders documents produced by a company attorney who was also a nonprofit executive, a Buckeye State federal judge ordered Tuesday.
May 02, 2023
FirstEnergy Corp. Tuesday urged the Sixth Circuit to undo the certification of an investor class that is suing it, alleging it bribed Ohio state legislators.
April 20, 2023
Former U.S. Securities and Exchange Commission officials are among those calling for the Sixth Circuit to decertify a class of FirstEnergy Corp. investors who say they were harmed in the company's alleged bribery of Ohio officials, arguing on Thursday that allowing certification to stand would make it much easier for shareholders to claim class status.
March 30, 2023
Robbins Geller Rudman & Dowd LLP was appointed lead counsel for a class of FirstEnergy Corp. investors on Thursday in an Ohio federal court's order granting the shareholders class certification for their claims arising from a major Buckeye State bribery scandal.
August 19, 2022
A federal magistrate judge on Friday told FirstEnergy Corp. it must produce a new deposition witness in an ongoing securities lawsuit stemming from a massive federal corruption probe, after finding the utility did not adequately prepare the witness to answer reasonable questions.