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Employees Retirement System of the City of St. Louis v. Jones et al

  1. October 02, 2023

    FirstEnergy Derivative Suit Paused Over Objector's Appeal

    An Ohio federal judge paused a derivative shareholder suit brought against FirstEnergy Corp. over its $1 billion bribery scandal, telling the parties that his jurisdiction over their claims hinges on the result of a Sixth Circuit appeal brought by an investor who objected to a $180 million settlement in a parallel case.

  2. May 22, 2023

    Ohio Judge Rejects Challenge To $180M FirstEnergy Deal

    An Ohio federal court has rejected a FirstEnergy shareholder's objection to a $180 million settlement the energy company reached with investors to end a lawsuit accusing executives of bribing Ohio lawmakers for a $1 billion bailout, according to an opinion issued Monday.

  3. December 21, 2022

    The Largest Securities Settlements Announced In 2022

    From a billion-dollar deal in Delaware to a hard-fought battle over a bribery scandal involving Ohio's legislature, securities litigators secured big settlements this year that sprang from both class actions and derivative suits, with a high number of resolutions occurring in Delaware Chancery Court.

  4. October 12, 2022

    FirstEnergy Disputes Investor's Challenge To $180M Deal

    FirstEnergy Corp. has told an Ohio federal judge that a shareholder's opposition to the $180 million settlement that the electric utility company reached with investors is a "baseless attempt" to upend the settlement "for his own advantage," and should be rejected.

  5. August 23, 2022

    FirstEnergy Investors Get $180M Deal OK'd, But Atty Fees Cut

    An Ohio federal judge gave final approval Tuesday to FirstEnergy Corp.'s $180 million settlement with investors who brought derivative suits over a bribery scandal embroiling the electric utility company and the state legislature, while reducing the attorney fees in the case by more than $12 million.

  6. July 29, 2022

    Shareholder Latest To Object To $180M FirstEnergy Deal

    A second shareholder has come out against a $180 million plan to end several derivative lawsuits over a FirstEnergy Corp. bribery scandal, arguing that the proposed settlement lets company officials off the hook in favor of a large payout for plaintiffs' attorneys.

  7. July 22, 2022

    FirstEnergy Directors Fight Atty Fees In $180M Settlement

    A group of independent directors appointed to the board of FirstEnergy Corp. in the wake of a $1 billion bribery scandal said in a Thursday court filing that attorneys representing company shareholders shouldn't get to claim a full 27% of a $180 million settlement because they weren't alone in working to improve the company.

  8. July 15, 2022

    CORRECTED: FirstEnergy Bribery Suit To Get New Lead Attys

    An Ohio federal judge seemingly frustrated by an attempt to throw out a derivatives suit over FirstEnergy Corp.'s billion-dollar bailout and bribery scandal has told lawyers representing a company shareholder this week that he plans to replace them with new counsel. Correction: A previous version of the article incorrectly stated that current attorneys had been dismissed from the suit. The error has been corrected.

  9. July 08, 2022

    FirstEnergy Corp. Investor Attys Seek $48M In Fees

    Attorneys for FirstEnergy Corp. shareholders have asked an Ohio federal judge to approve their requested $48.6 million in attorney fees and give final approval to a $180 million settlement to end litigation over the company's billion-dollar nuclear energy bailout bribery scandal.

  10. June 13, 2022

    FirstEnergy, Investors Say $180M Deal Resolves Bribe Suit

    FirstEnergy Corp. and a group of its shareholders have asked an Ohio federal judge to dismiss a suit over the company's billion-dollar nuclear energy bailout bribery scandal, telling the judge the claims have been addressed by a $180 million settlement in another case.

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