SCANA Investors Reach $192M Deal In Nuke Plant Suit
Law360 (January 7, 2020, 10:01 PM EST) -- Investors in SCANA Corp. urged a South Carolina federal judge Tuesday to sign off on a $192 million settlement resolving class claims the company and its executives misled the public about long delays and massive cost overruns in a $9 billion nuclear reactor project.
The $192.5 million deal would be the largest securities class action recovery in the District of South Carolina, according to the motion. The settlement allocates $160 million in cash and $32.5 million in freely tradable Dominion Energy Inc. common stock or cash at the option of SCANA.
The investors, which include the West Virginia Investment Management Board,...
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