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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 28, 2020 to file lead plaintiff applications in a securities class action lawsuit against FirstEnergy Corp. (NYSE: FE).
FirstEnergy and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 21, 2020, federal law enforcement officials announced the arrest of Ohio House Speaker Larry Householder and others in connection with a $60 million racketeering and bribery scheme designed to ensure the passage of legislation that included a billion-dollar bailout of two failing nuclear power plants owned by the Company’s former subsidiary and operated by the Company. Further, the Company disclosed the same day that it had received subpoenas in connection with the investigation, which is ongoing.
On this news, the price of FirstEnergy’s shares plummeted.
If you purchased shares of FirstEnergy and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Owens v. FirstEnergy Corp., No. 20-cv-3785. Click here to read the case complaint.