Kaskela Law LLC has filed a stockholder derivative complaint concerning FirstEnergy Corp. (“FirstEnergy”) (NYSE: FE). The complaint alleges that the members of FirstEnergy’s board of directors breached their fiduciary duties to FirstEnergy and its stockholders.
On July 21, 2020, the U.S. Attorney’s Office for the Southern District of Ohio filed an 82 page criminal complaint detailing a “brazen scheme by FirstEnergy and its affiliates and representatives to corrupt the political process and undermine democratic institutions in the State of Ohio in order to secure passage of HB6.” Following this news, shares of FirstEnergy’s common stock declined $14.17 per share, or 34% in value, to close on July 22, 2020 at $27.09 per share, on heavy trading volume.
Current FirstEnergy stockholders who purchased or acquired shares of the company’s stock prior to February 21, 2017 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the information form on this page, to discuss this investigation and their legal rights and options with respect to this matter.