Turka v. South Carolina Public Service Authority et al
Case Number:
2:19-cv-01102
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 26, 2021
SC Utility To Pay $2M To Settle Failed Nuclear Project Suit
A South Carolina utility has agreed to pay $2 million to investors to settle allegations it misled them about liabilities associated with a now-defunct nuclear reactor project while selling mini bonds, according to a filing in federal court.
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February 26, 2020
SC Utility Must Face Suit Over Failed Nuclear Reactor Project
A South Carolina power utility and a former top executive can't escape a proposed securities class action from bond buyers who say they were misled about a doomed nuclear project, a federal court has ruled, finding internal communications cited in the suit suggested possible duplicity.
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April 17, 2019
SC Utility, Ex-CEO Sued Over Failed Nuclear Reactor Project
A South Carolina utility and its former CEO have been slapped with a proposed securities class action in federal court accusing them of hiding from mini-bond buyers the fact that an ultimately abandoned nuclear reactor project suffered from significant delays and "radical and indefensible mismanagement."