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13 Feb 2022, 5:46 am
In what is one of the largest shareholder derivative lawsuit settlements ever, the parties to the various FirstEnergy bribery-related derivative lawsuits have reached an agreement to settle the actions for a payment of $180 million and the company’s agreement to adopt a number of corporate governance reforms. [read post]
11 Apr 2023, 6:30 am
FirstEnergy and ComEd, for example, have been accused of bribing regulators to receive favorable treatment for coal-fired generators and nuclear reactors. [read post]
11 Apr 2023, 6:30 am
FirstEnergy and ComEd, for example, have been accused of bribing regulators to receive favorable treatment for coal-fired generators and nuclear reactors. [read post]
24 Aug 2022, 11:17 am
Background The FirstEnergy derivative suit arises out of a political scandal in the Ohio, in which members of the Ohio General Assembly allegedly were paid bribes in order to support the passage of legislation (known as HB6) that was financial beneficial to FirstEnergy. [read post]
6 Feb 2015, 8:17 am
FirstEnergy Generation Corporation, reminding employers they are not liable under Title VII when “accommodating an employee’s religious beliefs would require the employer to violate federal. . . law. [read post]
1 Apr 2018, 2:05 pm
(Photo by Robert Nickelsberg/Getty Images) (credit: Getty Images) On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy. [read post]
30 Dec 2020, 12:33 pm
And, if history is a guide, FirstEnergy Corp. and its insurers could find themselves paying millions to settle ... [read post]
1 Apr 2005, 12:16 am
The FirstEnergy Corporation, and its subsidiary Ohio Edison, reached a settlement with the U.S. [read post]
3 Aug 2016, 9:18 am
FirstEnergy Corp., plaintiffs alleged the utility company and its parent corporation should be liable for the motorcyclist’s injuries because the poles were not moved back to a position farther from the road during a previous road-widening project. [read post]
13 Jun 2022, 1:05 pm
Judge Marbley noted not only the cash payment, as compensation for the harm done to the company by the bribery scheme, as well the corporate governance reforms, including a reconstituted board, that were agreed to in the settlement. [read post]
23 Apr 2023, 6:30 am
Careless political spending decisions can also place companies and corporate executives in legal jeopardy, as demonstrated by the recent investigations and federal criminal convictions associated with FirstEnergy in Ohio. [read post]
23 Apr 2023, 6:30 am
Careless political spending decisions can also place companies and corporate executives in legal jeopardy, as demonstrated by the recent investigations and federal criminal convictions associated with FirstEnergy in Ohio. [read post]
1 Sep 2022, 6:14 am
” “Krause said the district court took elements of both arguments, and ultimately determined that, because only the corporate entity suffered the harm, the shareholders lacked Article III standing. [read post]
30 Jun 2023, 1:34 pm
” The company has since severed FirstEnergy Solutions from its corporate structure, with FirstEnergy Solutions declaring bankruptcy and eventually changing its name to Energy Harbor. [read post]
2 Jul 2008, 3:27 pm
"There is no corporate judiciary in North Dakota dedicated to the resolution of corporate disputes. [read post]
21 Oct 2015, 1:22 pm
FirstEnergy Corporation and New York v. [read post]
12 Oct 2023, 9:16 am
On September 28, 2023, the SEC announced that it had filed charges against and entered into a settlement agreement with the Illinois electric utility Commonwealth Edison (ComEd) and its corporate parent Exelon Corporation in connection with an alleged scheme to influence the then-speaker of the Illinois House of Representatives, Michael Madigan. [read post]
6 Mar 2024, 3:00 am
Campaign Finance Kansas: “Wichita City Council Lifts Ban on Corporate Political Donations, with One Requirement” by Matthew Kelly (Wichita Eagle) for MSN Maine: “Measure to Limit PAC Contributions in Maine Could Be Headed for November Ballot” by Eric Russell for Portland Press Herald Elections Arizona: “Independent Sen. [read post]
26 Apr 2021, 4:18 am
Elections Texas: “As the Voting-Rights Fight Moves to Texas, Defiant Republicans Test the Resolve of Corporations That Oppose Restrictions” by Amy Gardner (Washington Post) for MSN Washington DC: “House Democrats Pass D.C. [read post]
27 Oct 2008, 3:11 pm
The proposal went to a vote at FirstEnergy, DPL, and Convergys, according to RiskMetrics records, where it received 34.9, 32.6, and 59.5 percent support, respectively. [read post]
