Recent Securities Litigations
FirstEnergy Corp. Common Stock (NYSE: FE)
According to the Complaint, FirstEnergy Corp. is an electric utility company headquartered in Akron, Ohio.
The Complaint alleges that during the Class Period, Defendants issued materially false and misleading statements regarding FirstEnergy’s internal controls, business practices and prospects. Specifically, the Complaint alleges Defendants touted FirstEnergy’s legislative “solutions” to problems with its nuclear facilities, but failed to disclose that these “solutions” centered on an illicit campaign to corrupt high-profile state legislators in order to secure legislation favoring the Company.