June 07, 2022
Investors suing FirstEnergy Corp. for securities fraud want a federal judge to approve class action status for their case, arguing that thousands of people could potentially obtain damages after the Northeast Ohio utility's stock tanked in the wake of an alleged $60 million bribery scheme.
March 08, 2022
An Ohio federal judge has trimmed a shareholder suit against FirstEnergy Corp. stemming from an alleged $60 million bribery and racketeering scheme that implicated Ohio's house speaker, finding the majority of the claims in the class action against the utility company pass muster.
May 18, 2021
Directors and officers of nuclear power plant owner FirstEnergy Corp. told an Ohio federal judge that a shareholder suit involving bribes paid to state lawmakers doesn't adequately allege any violations by the company's leadership.
November 24, 2020
An Ohio federal judge on Monday consolidated two shareholder class actions alleging Ohio utility company FirstEnergy bribed state lawmakers with $60 million to secure a $1.3 billion taxpayer bailout and named Robbins Geller Rudman & Dowd LLP lead counsel for the proposed class.
September 29, 2020
Six law firms have put their hats in the ring to be selected as lead counsel in a proposed consolidated class action against utility company FirstEnergy over allegations that news the company paid Ohio lawmakers $60 million to arrange a $1 billion bailout sent stock plummeting.
July 28, 2020
A shareholder hit FirstEnergy Corp. with a proposed class action in an Ohio federal court Tuesday over allegations that the utility paid Ohio lawmakers $60 million to arrange a $1 billion bailout, saying news of the charges sent the company's stock price plunging 45%.