| COMPANY |
SCANA Corporation |
| COURT |
United States District Court for the District of South Carolina |
| CASE NUMBER |
17-cv-02616 |
| JUDGE |
The Hon. Margaret B. Seymour |
| CLASS PERIOD |
October 27, 2015- December 20, 2017 |
| SECURITY TYPE |
Common stock |
Case Background:
On September 27, 2017, the initial complaint in this securities class action was filed against SCANA Corporation (“SCANA”), and certain of SCANA’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action lawsuit brought on behalf of all investors who purchased or acquired SCANA common stock between October 27, 2015 through December 20, 2017, both dates inclusive (the “Class Period").
The complaint alleges that Defendants made a series of alleged misstatements and omissions during the Class Period regarding the progress and oversight of the Nuclear Project, and that the class suffered damages when the truth regarding the Nuclear Project was publicly disclosed.
Current Status of Case:
On December 20, 2019, the parties entered into an agreement to settle the action. On July 23, 2020, the Court entered an Order approving the Settlement of the action. This action has concluded.
The deadline to file a claim is July 25, 2020. If you have any questions or need further information about this settlement, you may go to the following website, http://www.scanasecuritieslitigation.com/, or you can contact the claims administrator, Epic Global, Inc. at 1-833-947-1420.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.